Prepare to long AUD/CHF around 0.7450:Two harmonic pattern
Two harmonic pattern on the chart
1)Crab pattern(the blue one). B(0.76227) is 61.8% Fio retracement of XA, and D(0.74613) is 1.618 times of XA as well as around 3.618 times of BC. Hence the potential reverse zone is locked
2)Butterfly pattern(the yellow one). B(0.7567) is around 78.6% Fio retracement of XA, and D(0.7426) is around 1.272 times of XA as well as 1.618~2 times of BC. Hence the potential reverse zone is locked.
Also these potential reverse zones are near the early support&resistance area. This give us the confidence to buy AUD/CHF
However, we need to see the candlestick pattern signal. Wait the the price stopping falling down!
Wait with patient
1)Crab pattern(the blue one). B(0.76227) is 61.8% Fio retracement of XA, and D(0.74613) is 1.618 times of XA as well as around 3.618 times of BC. Hence the potential reverse zone is locked
2)Butterfly pattern(the yellow one). B(0.7567) is around 78.6% Fio retracement of XA, and D(0.7426) is around 1.272 times of XA as well as 1.618~2 times of BC. Hence the potential reverse zone is locked.
Also these potential reverse zones are near the early support&resistance area. This give us the confidence to buy AUD/CHF
However, we need to see the candlestick pattern signal. Wait the the price stopping falling down!
Wait with patient
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