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PlutusX

AUDUSD Multi Harmonic Pattern Analysis and Strategy

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
PlutusX  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Bat AUDUSD audusdlong audusdanalysis mam audusdbullish Technical Analysis
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trendanalysis harmonicpatterns batpattern audusd audusdlong audusdanalysis mam audusdbullish technicalanalysis
We see the formation of a harmonic bat pattern (purple) and the completion of an ab=cd pattern (blue) on the 4 hr chart. The completion of the ab=cd pattern signaled the end of the downward trend and the start of a move to the upside. Price action is now moving in a bat pattern and our strategy is to trade the 4th leg of the pattern. Price action has already stated confirming our bullish strategy.
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