GBPUSD has formed two bearish harmonic patterns after breaking out of a symmetrical triangle. Will be looking for possible decline.
This is for my self education purposes, not likely to trade this trade as I don't at the moment hold my positions overnight and rather scalp intraday instead. But as I am always curious about various market assessment methods and quite fond of harmonic patterns, I wanted to take a note of this event "for history" sort of speak.
Let's see how this develops.
PURPOSE: This is a trading journal note for purpose of practicing pattern recognition. Author may not necessarily trade this idea.
DISCLAIMER: Trading is a risky business and there is possibility of losing all your trading capital and more. This post is not an advice or an instruction to trade and does not gurantee profitable outcome. This is for informatoin purpose ONLY. Choice to act on this information is your own and hence responsability for outcome of that choice is also your own. I am not liable for any adverse outcomes.
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This is for my self education purposes, not likely to trade this trade as I don't at the moment hold my positions overnight and rather scalp intraday instead. But as I am always curious about various market assessment methods and quite fond of harmonic patterns, I wanted to take a note of this event "for history" sort of speak.
Let's see how this develops.
PURPOSE: This is a trading journal note for purpose of practicing pattern recognition. Author may not necessarily trade this idea.
DISCLAIMER: Trading is a risky business and there is possibility of losing all your trading capital and more. This post is not an advice or an instruction to trade and does not gurantee profitable outcome. This is for informatoin purpose ONLY. Choice to act on this information is your own and hence responsability for outcome of that choice is also your own. I am not liable for any adverse outcomes.
Update status