[UK Session]Bullish Pattern Combo of AUDUSD,Heading to 0.7938 Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 12, 2017 5:17 PM

There are 2 amazing bullish pattern combo of AUDUSD, consider to buy.

The bullish crab complete near 0.7750 while also the C point of forming bearish cypher pattern,heading to 0.7938 as the D point.

Also be noted that 0.7938 is the 50% retracement of recent plunge, a crucial level to watch.

TP1:0.7888
TP2:0.7938
TP3:0.7987
SL:0.7770

Harmonic Patterns

Comments

KeTrader

⋅ Oct 12, 2017 6:33 PM

That is detailed... even though am long my reservation comes from this Daily Chart. To simplify, the price will get to the red trendline.... which coincides with the 61.8 fib level or at the very least 50% dropbox.com/s/1h1e6inybx6eadu/AUDUSDDaily.png?dl=0

Trader-VincentH

⋅ Oct 12, 2017 6:37 PM

@KeTrader, cool chart with aligator system I guess. Thanks sharing