TerryHarmonicTrading

AUDCHF - Short Term HNS counter trend move

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
Hey guys, alot of currency pairs are trending heavily.

This week I cannot find enough Harmonic pattern setups to share.

However, I might consider this AUDCHF HNS setup on the h1 chart.

Pattern Identification

Head and shoulders with a potential buy at right shoulder at 0.74.

Trade Execution

I will wait for a green candle with nice body to form near 0.74 before I go long.

If price goes straight up to 0.747 next week, this pattern will no longer be valid.

EP: 0.74
SL: 0.7370 (30)
TP: 0.7470 (70)

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