EURAUDMissing the "V" shape on this double top, but until now all the behavior is similar to a 2618 trade setup...
Double top, neck broken, found support @1.435$ previous resistance, retracement... (CHECK LINK BELOW )
Now, IF the price hit the 61.8% retracement (previous neck) and IF there's any indication of a reversal, we can sell this pair with an AB=CD basic pattern as target. Also with one harmonic pattern on the way, one bullish Gartley pattern that will complete his formation around @1.4267, forging point D.
The same, IF we see any indication of a reversal at this price level, as rsi divergence on oversold conditions or macd or whatever indicator we are using, we can think about buying this pair...
Safe trades;
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.