RaynLim

AUDUSD - Bullish Channel

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
There are two Harmonic Patterns, namely the Gartley Pattern and the Bat Pattern on the Daily Chart, but what I want to put my focus on is the Bullish Parallel Channel.

The three timeframes, the Daily, 4-Hourly and 1-Hourly chart respected the Bullish Parallel Channel which gives the counter-trend traders an opportunity for a buying opportunity. The potential target level will be at 0.7545 as a type2 Gartley Pattern is formed.

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