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Harmonictraders

AUDJPY UPDATE Price is extremely overbought and over extended since the recent rally, on the weekly TF we can identify how price has formed a harmonic formation in which we expect the market to complete at the neckline, we also would expect a corrective move to happen sooner or later after such a bullish impulse- price is also testing strong level of weekly and monthly supply. Dropping to the lower TF we can identify how the market is consolidating in this rising wedge formation with a triple top. I would like to see the market maker push price above the highs to grab the liquidity of shorts and induce bulls into the market, before we can drop to the LTF and look for a valid entry to short
Short
by ITSCRYPTO1
Life of a currency (wabi)This analysis is purely a personal analysis... Analytical tools: 1.Elliott Waves 2. Classic channeling 3.Macd indicator 4.Harmonic pattern The currency is in a downward trend, which in Elliott terms is a combination The bearish trend is expected to end soon and two prices are set to reverse the trend Of course, increasing the trading volume is one of the important aspects in reversing the trend The possibility of forming a harmonic pattern is very high because the butterfly pattern can reverse the trend
W
by cafe_chart_