Three harmonic trading scenarios to monitor

FX:AUDUSD   Australian Dollar / U.S. Dollar
As you can see in the chart, Friday's Pinbar candle was created once $AUDUSD touched the 0.71 support zone and the SMAs meeting point near. That kind of price reaction is a bullish signal especially if you consider the recent low as a higher low (from January's low).

Three harmonic scenarios to monitor on $AUDUSD:
1. Bearish – For those who consider the recent price action as hesitant and weak – Aggressive C* sell in what
could be C point of bullish Gartley pattern (pink)
2. Bullish – Aggressive C entry ( bullish ) in what could be C point in an AB=CD pattern that will complete near
0.74 (top of weekly trading range and target zone for this setup)
3. Bullish – Buying Aussie near 0.69 if it will complete the bullish Gartley pattern.

Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week

To subscribe to the newsletters -
Follow my blog -
Subscribe to my Youtube channel -
Comment: Bearish response when it touched the 200 SMA line.
Price declined towards potential two harmonic pattern completion zones
See chart below
Comment: ab=cd pattern completed

Two buy zones to monitor towards Rate Decision
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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