themarketzone

Time frame analysis - Combining short term with longer term

FX:GBPAUD   British Pound / Australian Dollar
On $GBPAUD we have a daily 3 Drives pattern (bearish). The setup was sent to the members last week and it has already generated 400 pips on its initial swing low (from 2.0 to 1.96).
This week, the members received another setup, based on hourly harmonic pattern that was used to trigger another bearish trade based on our longer term bearish pattern.
This trade generated 300 pips so far.

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