mcquak
Long

Bearish harmonic pattern

FX:AUDNZD   Australian Dollar/New Zealand Dollar
73 3 0
Some bearish harmonic pattern is emerging on this pair. CD leg seems to be forming. Going long now I'd target 1.08793 which is potential D point of BE Gartley .
HatZ
3 years ago
It looks like the BC leg has breached the 0.886 retracement of AB. Also it appears as if this pair is retesting the harmonic support levels for a larger
bullish shark.
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mcquak HatZ
3 years ago
I do not take the view that those 2 intimidate candles breached 0.886. The reason is that such "breach" is just wick of some merged bar on higher time frame. Also I'm personally not as sensitive to such small imperfectness. Bullish shark is also further possibility. Let's the market sentiment.
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mcquak mcquak
3 years ago
Sorry I've meant to say immediate not intimidate. Sorry again for typo....
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