PlutusX

AUDUSD Multi Harmonic Pattern Analysis and Strategy

Pembelian
FX:AUDUSD   Dollar Australia / Dollar AS
We see the formation of a harmonic bat pattern (purple) and the completion of an ab=cd pattern (blue) on the 4 hr chart. The completion of the ab=cd pattern signaled the end of the downward trend and the start of a move to the upside. Price action is now moving in a bat pattern and our strategy is to trade the 4th leg of the pattern. Price action has already stated confirming our bullish strategy.

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