What we see here is AUDUSD declining in a descendant channel before finding Demand near Price 0.67000. The last impulsive move to the downside completed a variant of The Bullsih Shark Harmonic Pattern . At the bottom on the pattern we enter a ranging market with failed thrust to create new Lows; forming equal level supports while making descending Lower Highs- This is a common market Pattern known as “The Descending or Falling Triangle” This pattern is technically at bi lateral pattern meaning it can go either way so WHERE in the market it occurs is VERY important to consider when trading it. Being that it occurred at the bottom of the harmonic pattern near a Weekly demand level AND we had divergence present. “I” LIKED THE BUY.
Now that we have a nice impulsive Move to the upside i would like a to see the market correct and test previous broken levels and continuing to make HHs and HLs within this cycle
Please feel free to critic, comment, support and add confirmations
Now that we have a nice impulsive Move to the upside i would like a to see the market correct and test previous broken levels and continuing to make HHs and HLs within this cycle
Please feel free to critic, comment, support and add confirmations