SYMPHONY OF MOVES WITH THE NOKIE?

2019-11-01 18:37:33

Tendency: Downtrend (Bearish)
Structure: Harmonic | AB=CD forming
Observation: i. Impulse A-to-B breaks support @ 10.82000 to become new resistance.
ii. B-to-C: The B- to-C leg is a 61.8% Fibonacci retracement of the A-to-B leg.
iii. Expecting a harmonic move that will replicate the A-to-B leg
Trading Plan: SELL with a potential TP1, TP2, TP3 and possibly TP4 (if price breaks 10.60000) with 208pips and SL @ 10.85000/10.90000 zone.
Risk/Reward: 1/2
Potential Duration: 1 to 4 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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