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DwayneWilson
Oct 22, 2019 7:59 PM

Harmonics Short

Australian Dollar/U.S. DollarFXCM

Description

Harmonic (Gartley) pattern formed. Waited for the ascending channel to complete before executing trade. Market reached previous high (supply zone) and printed a double top ('M') formation. Broke out of the ascending channel and formed a bearish flag. Executed trade upon retest of 'M' formation.

Note: Market broke Daily TL and has been bullish for several days. Looking to take profit at target #1. The market could generate a pullback for the bullish continuation.
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