Quick post ahead of market open, I'm looking at EUR/USD on the 4h chart with a potential bullish AB=CD setup completing at 1.10440.
Structure looks great, once price tests the PRZ we will be able to gauge further price action. As always I will keep you posted on the patterns progress and if the trade is executed!
Enjoy the rest of your Sunday :)
Execute a long now, place stoploss on the red horizontal line and target zones are on the chart. On lower time-frames we can see strong reversal 123low within 123low construction which is very powerful. You have great opportunity now.
You can execute a short after price breakj-down the support trendline of this expanding rising wedge and watch for the target in the green box. The green box will complete bullish Gartley pattern, there will be long opportunity.
Break out of profession Re-distribution area which also had a bearish harmonic pattern then a retest of the continuation pattern support area, which should now act as resistance. Price also rejected the 50EMA in confluence with a 61.8 after a double top that formed earlier today. Expecting price to drop further and put in new lows should things play out accordingly.
Setelah pemotongan tingkat suku bunga US Dollar, Australian Dollar terseret turun hingga menyentuh level Wick weekly di beberapa bulan lalu. Disini juga kita temukan adanya pola harmonik (Harmonic Pattern) bullish. Dengan Risk and Reward Ratio berada pada level:
Stop Loss : 0.68273
Take Profit : 0.69199
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