AUDUSD Harmonics playing nicely in a newly Ascending Channel

FX:AUDUSD   Australian Dollar / U.S. Dollar
Beautiful harmonics inside of a possible ascending channel . We'll see if this channel holds if the current Bullish Bat formation develops and plays nice as it's ancestors. Currently aggressive traders take short position of C Bat leg with SL above C. Overall trend is reversing from long term Bear. Shall we see if the Bearish Butterfly Double Bottom would paint a picture perfect trend reversal.
Nice work, have short target 8090 (as your bat), then trend reversal up to 8750 area looks possible to me. However, longterm we could see 7475 level as 61.8 extension in tripple zigzag correction or wolfe wave.
Quick break, but never closed below primary support zone (noted in chart). Now in consolidation zone on the middle of the channel which gives us channel setup validation. C leg is holding holding up showing LH, setup still in play. Considering it as a gift if we get to test lower channel trendline.
And off to the races we go. Expect acceleration to AB=CD. We should hit target by Monday which will then shall provide us with a good long entry if Bullish Bat completes successfully.
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