1) After completing Harmonic pattern "W" the price action is retraced and heading for correction towards strong support at Fib level of 61.80%.
2) The price is expected to consolidate itself in the Fib Golden Zone before resuming its bullish run.
3) The period of consolidation is expected to last for same time as highlighted before.
Trade Opportunity arises immediately after completion of consolidation
period with proposed entry at 1.07097, SL at 1.06672 just below the
support and TP at 1.08387 outside the golden zone and resistance and Fib level 38.200%.
P.S. Chart Assessment is entirely based of proposed probabilities and only for academic purposes. It is not a trade recommendation of any kind. Please do your own assessment & research before taking decision to execute any trade transaction.
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2) The price is expected to consolidate itself in the Fib Golden Zone before resuming its bullish run.
3) The period of consolidation is expected to last for same time as highlighted before.
Trade Opportunity arises immediately after completion of consolidation
period with proposed entry at 1.07097, SL at 1.06672 just below the
support and TP at 1.08387 outside the golden zone and resistance and Fib level 38.200%.
P.S. Chart Assessment is entirely based of proposed probabilities and only for academic purposes. It is not a trade recommendation of any kind. Please do your own assessment & research before taking decision to execute any trade transaction.
Please Subscribe, Like and share for more Trend Analysis and Chart Assessments.