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themarketzone
Feb 23, 2015 1:26 PM

Possible Aggressive C entry - Harmonics  Long

Euro Fx/Australian DollarFXCM

Description

Possible Aggressive C entry in EURAUD as we see potential for a bearish Gartley in the 4H chart.
The price is currently above structure support and above the 200 SMA support. A good place for a stop loss would be below 1.432 (although the technical level should be below point A)
Initial target level for a bullish move will be 1.468, which is a structure resistance.
The final target, in case of a breakout, will be the completion of the Gartley pattern near 1.5
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