Looking bullish first target being 0.78300 then 0.7900. Can see the harmonic pattern has been completed and bullish momentum has continued. we have higher lows. We have 3 scenarios here:
1) Price can either decrease on the opening of the market to the trendline to give a possible 3rd trend line bounce then continue to the upside targets provided.
2) Price can also reach 0.78300 to create a double top formation then a fall in price down to the trend line to give the 3rd trend line bounce.
3) Price can reach both targets without the trend line bounce.
Therefore the safest stop loss is to be places below the trend line if swing trading, if conducting day trades stop losses can be set accordingly.
1) Price can either decrease on the opening of the market to the trendline to give a possible 3rd trend line bounce then continue to the upside targets provided.
2) Price can also reach 0.78300 to create a double top formation then a fall in price down to the trend line to give the 3rd trend line bounce.
3) Price can reach both targets without the trend line bounce.
Therefore the safest stop loss is to be places below the trend line if swing trading, if conducting day trades stop losses can be set accordingly.