FX:AUDUSD Australian Dollar/U.S. Dollar
Let me turn on the lights and brighten me and enlighten you, I don't think you realise how beautiful these patterns look.....what is this guy on about i hear you ask lol sorry i felt like i was in my zone for a minute but there's no harm in putting some fun on trading view, besides you gotta love what you do. Anyway, back to the chart, we have 3 potential advanced patterns on this pair and the market is making a little retracement from last weeks highs and there is a chance it might tun into a little bit of resistance now turned support and luckily for us 2 of these previous coincides with the reversal zone of the first 2 patterns ( and ) so is it a good opportunity? If you ask me i'd say yes but which trade should you take? I'll leave that to your imagination but whatever you do make sure you have the mental strength, right money management and the believe in your trade plan to be able to handle 3 losses on all these patterns, chances of that happening is rare but not impossible...but you'll never know until you take the chance.
Trade closed: target reached: First target off at 0.7055! 36 pips
Trade closed: target reached: 2nd target off the table for 76 pips. Bearish cypher now 5 pips away from entry
Trade active: In on the bearish cypher
Sick one mate, I saw this too. Btw, how long have you been trading harmonics for? I'm getting back into forex after crashing out a few years ago as a complete newbie. Noticing that my harmonic trades seem to have high consistency on demo right now, perhaps looking to build a system out of the patterns. Have you found harmonics trading to be consistently profitable?