AUS200 Daily Harmonic Shark Pattern into Possible 5.0 pattern
Already long, low risk high R:R trade, target to start adding to my longer term short is around the possible 5.0 pattern completion
Stop is directly below the last two days lows, not giving it much room as it will either retrace now or if it fails it will likely breach the lows to take out stops first and there is always another opportunity to get back in later
Alternate AB=CD zone shown by the copied arrows
I love large bars as it shows all of the orders are flushed out of there so moving back through them is so much easier...
Stop is directly below the last two days lows, not giving it much room as it will either retrace now or if it fails it will likely breach the lows to take out stops first and there is always another opportunity to get back in later
Alternate AB=CD zone shown by the copied arrows
I love large bars as it shows all of the orders are flushed out of there so moving back through them is so much easier...
Comment:
My initial target is around 6886 as it is prior highs and final target is higher but will be looking closely when it gets around the 7000 mark and up to short again