AUDUSD: Watch this Potential Reversal Zone #FOREX

FX:AUDUSD   Australian Dollar / U.S. Dollar
1540 13 36
Two potential harmonic patterns could be completing at that potential reversal zone. A wider bat pattern and a minor butterfly pattern .

I will be watching that area to short the pair. I simple pin bar will be my confirmation for this trade. Stop loss should be above X of the bat pattern .

Will be updating with my precise trade if materialized.

Good luck...
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here ,
My best regards
I teach my experience conclusions in 14 trading strategies. PM me for details and cost.
And of course, as I write this, the chart when for a final squeeze higher. Those stop hunts are really really nasty.

What's your view on stops, how tight do you make it when you open a position?

Great chart though. Thanks!
Technician PRO idle_crane
Never trade on a harmonic pattern solely, In my opinion they are the less reliable in technical analysis. Thats why i haven't shorted without a good confirmation , saving me from losing.
-1 Reply
Technician PRO Technician
Ofcourse this is my opinion and some harmonic traders may have a different view. I respect that.
-1 Reply
Casey_Yeo Technician
Agree mate. Still prefer structure based trade and pin bars. What's your thoughts about other candlestick reversal patterns?
-1 Reply
Generally, haven't seen any research on harmonics patterns performance, so i take them with a grain of salt. Totally put much more weight on classic technical analysis.
I mainly use famous candles such as the variation of hammer, hanging man, shooting star, engulfing,inverted hammer, high-wave candles..
-1 Reply
I didn't knew you do patterns to, interesting ;)
I love patterns. I had a great cypher pattern on NZDJPY 4 hr previous week. They really are profitable, only if you know how to trade them in a correct way. Anyways, as always totally agree with you on this. Thanks for sharing and hoping to join you in this trade. Enjoy your weekend :)
thx mate
-1 Reply
rv Technician
you welcome bro
Hi technician my idea
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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