fxmillions
Long

AUDUSD Long - Bullish Deep Crab and Monthly Trendline Support D1

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             is at a significant zone as the Daily candles have just wicked on to the Monthly support line. Now a trendline does not always hold or fall on a first touch. But in support of a swift reversal, we have a possible harmonic pattern completion - a 'Bullish Deep Crab ,' right around the price-contact-point of the monthly trendline support.

So this presents a nice ratio confluence zone as well as a strong trendline support, in favor of a possible reversal of the currently bearish trend .

This is a counter bias trade, hence must have a tight stoploss. The positions are to be managed aggressively. when price reaches the first target which is trendline resistance (descending target), if the trade is in profit, SL to be set at breakeven, else the trade is to be closed at whatever loss.



EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out