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VasilyTrader
Oct 14, 2019 11:20 AM

AUDUSD: Harmonic Movement and Continuation Long

FX:AUDUSD240
Australian Dollar/U.S. DollarFXCM

Description

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hey traders,

I am paying close attention to 0.674 - 0.675 zone on AUDUSD.
This zone unifies a horizontal structure on the left and projection of a bearish leg of a harmonic movement
in conjunction with 618 Fibonacci level.

I set the alert on 0.675 level and will look for confirmation signal on 1H chart.
Target levels will be 0.6775 and 0.68
Stop will be below the zone.

Support the idea with like, thank you!)
Harmonic PatternsWave AnalysisBeyond Technical AnalysisForextradingTechnical AnalysisaudUSDAUDUSDaustraliandollardollarLONG
Comments
Yuriy_Bishko
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well done!
EliteOtaku
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Looks like a bounce, just be care of sudden drop afterward.
VasilyTrader
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@EliteOtaku, agree
Nilsd
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I'm in
VasilyTrader
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@Nilsd, good! but remember, don't trade aggressively. for now, on 1H chart there is no confirmation signal
ProTraderNataliaRUS
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@VasilyPonomarev, agree!
We need to wait for a signal!
Nilsd
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@VasilyPonomarev, Got it ;)
VasilyTrader
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Share your thoughts on AUDUSD here
Amyar
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@VasilyPonomarev,

I look for sell signals
The 4H trend is bearish now
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