HOUSE is revisiting the PRZ (Potential Reversal Zone) of the previous Bullish AB=CD harmonic pattern after hitting the 2nd retracement target around 8.00.
*Immediate support around 7.0.
*Immediate resistance around 7.5.
Trading Plan
- Buy near support area for a position trade.
- Short term TP around 7.5~7.95.
- Tight stop-loss at 6.85 for a risk/reward ratio of at least 1:3 (assuming an entry near 7.0).
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