FX:AUDCHF   Australian Dollar / Swiss Franc
510 14 10
Just an observation, not prediction or trade. A nice conflict between classical technical analysis techniques and the new so called harmonic patterns . Pretty excited to see how things unfold. What do you think ?

Note: Credit to Mikoxl. to bringing my attention to the Gartley .
Note: Double Bottom is not ideal.

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Spotting the harmonics here was useful, not for the direction in this instance, but for the force of the move negating the pattern.
I have been always a fan of classical analysis more than harmonics . But I also take into consideration harmonic patterns
I am excited to see how this unfolds, lets see what wins
not to mention the H&S
Also, I saw a smaller bearish butterfly which can complement the case for going short.

More confirmation for short on 4h in form of 127 fib touch, trendline bounce and developing bearish divergence.
digitaltradingfx digitaltradingfx
I think it will eventually go up again, because on a consolidated weekly chart you see that AUDCHF does not like to be hanging beneath the 0.8200. 4 times in the past price did make strong moves to the upside.

Right now, it is in a weekly triangle (again).

If this is a guess the outcome chart -----
then I will vote for the Gartley indicating a test of the
trend line breakout down to around .8025
(a 4th wave of a 3rd wave or a 3rd wave) and then a
bullish trend continuation . . .
If only there was a prize ~~~~~~~~
Geez! maybe I should be trading this ?
Or maybe not, I just saw traderWgun's triangle !
This will take some work !!!
Technician dojitrader
This is a very possible scenario as well
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