We broke the (blue) trendline, so we might see a re-test and/or some consolidation before we possibly go further up.
If we do then this possible bat pattern is on my radar. We are still to surpass B so it is still young, but worth mentioning imo.
2 trades on the chart based on a possible bat completion, SL above X and the round 0.6700 level, I would prefer to have it above 0.6750 so I might still change that... 2 targets are the conventional 38.2 and 61.8% retracements of CD. I will probably take 70-80% profit at TP1 and leave the remainder open for TP2 based on my pattern trading analysis.
Please note that I will take my targets a whee bit higher than the actual fibs, i.e. at the round 0.6500 and 0.6400 for obvious reasons.
Kommentare
KVE
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Almost reached my SL, but back on track now (at BE now)... Hopefully we get some more downside on this one...
KVE
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Order filled, overshot the target but still below my SL...
We could see a reversal now since we are at the level of a max. (1.13 ret. + 2.24ext) bearish shark completion
KVE
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Forget I mentioned the shark, not valid!
KVE
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Missed the entry by a cuple of pips only...
Let's see if we get a second chance...