FX:AUDUSD   Australian Dollar/U.S. Dollar
32 1 0
AUDUSD             Harmonic pattern completion with a continuation of the daily trend ! ... confluence of resistance / double top 'nearing'.... Aiming for a TP of the 38.2 and 61.8 of the CD leg or B Leg
dojitrader
2 years ago
When you get some time . . .
I was wondering what this harmonic pattern is called ?
I'm not familiar with a pattern that has a pt. D @ 1.052 ~~~~
However, with the .786 A to B you've outlined there is a great
Butterfly pattern that completes with pt. D around .9375
and looks like it would be right up against the down trend line
on your chart for great resistance.
Anyway, thanks for the chart - I'll add this butterfly to my chart:
Measured Move Inside A Measured Move

It lands just slightly above my current entry, so,
I'd better be aware and perhaps move my stops a little higher.
Wishing you lots of pips in your pocket !!!!!!
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