Harmonic pattern + AUD is at a strong support/resistance area.
AB equals CD in both time and price. This is a strong signal. Profit targets: Projected BC swing at 1558 100% AD at 1564 162% AD at 1570 Stops just below 1553. Here is the big picture:
On the Daily Chart i still think its forming a head and shoulder but where it is now, its going to retrace before completing the last shoulder.
tp1 : 74.492 tp2 : 74.276 tp3 : 74.010 sl : 75.05 Don't forget to subscribe/N'oubliez pas de vous abonner :)
Harmonic scanner is 1 confirmation Quarter theory line is 2nd Upper pitchfork line is 3rd
Harmonic Scanner Strategy Only difference is session is about to change which I'm not used to Price is respecting pitchfork, the only i'm using is my newest drawn.
Harmonic Scanner Strategy thought I saw an uptrend forming, but the higher highs, and lows weren't consistent leads me to believe price is currently in a pullback and headed to where my blue line signifies.
The Bullish Crab Pattern shows it could be ready for a bullish entry position; wait for confirmation upon entry. The D leg MAY also extend up to the 1.618 level before a retracement upward