Yesterday, the NZD/JPY bat was an awesome short, and EUR/USD formed another bat after yesterday's rally.
In terms of harmonic pattern, the out is above 1.16, more than 100 pips from the current price.
Accordingly, as I don't really want to risk that much, I may keep the bearish case in mind and still wait for a strong reversal sign as a confirmation to short.
So I'll pay attention to smaller time frame chart and try to find a shooting star or inside bar breakdown today.
If the market didn't even give one, I 'll be much less bearish and see how it deals with 1.15 fig level.
In terms of harmonic pattern, the out is above 1.16, more than 100 pips from the current price.
Accordingly, as I don't really want to risk that much, I may keep the bearish case in mind and still wait for a strong reversal sign as a confirmation to short.
So I'll pay attention to smaller time frame chart and try to find a shooting star or inside bar breakdown today.
If the market didn't even give one, I 'll be much less bearish and see how it deals with 1.15 fig level.
Comment:
inside 15 now yo!