traderWgun
Long

3 good reason to long

FX:AUDCHF   Australian Dollar / Swiss Franc
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A very good long here, with low risk. AUD is showing signs of a correction across the board (look below for more AUD charts).

We have made a harmonic crab pattern , but will also have bullish RSI and a hammer giving this setup more hope.
EW count shows 5 waves up and then 3 down = text book long.
The harmonic crab patter is invalid, maybe it would fit more with a bat pattern since CD never crossed XA.

I agree with your charts, however, the AUD bull will probably not show this week.

AUD/USD still has some bears to finish before going bullish.

Overall, good use of other currency pairs for analysis, very underrated amongst traders.
Reply
traderWgun RedStaR
Hi!
Thx for the feedback. sorry for posting a invaild pattern. tired eyes.

It sould of course be a bat pattern, not a crab. As you may suspect,
I don't have alot of experince re. harmonic patterns.

Either way I'm bullish AUD for the time.
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