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danny394143

AUDUSD harmonic completion for a bounce?

Dollar Australia / Dollar AS (OANDA:AUDUSD)  
danny394143  
OANDA:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD support
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trendanalysis harmonicpatterns chartpattern audusd support
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AUDUSD price has reached a Multiyear support that lies at .718 fib retracement of a bullish move that has begun in January 2016. Just closed a short trade. Now gonna look for sing of reversal if the harmonic butterfly pattern completes. Also will be looking for a short should we breach the support and retest it. Because of the location, my bias is more toward bullish retrace at the moment, but i will let the chart develop and decide accordingly.

Dan
Dan

PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
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