EURAUDDouble top;
Broken Neck;
Retracement; (we need a 618)
We have them all, double top followed by a broken neck, found some support @1.444$ and a pullback...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance), and IF we get the 61.8% retracement, i will search for eventual short opportunity;
Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;
Safe Trades;
Note
Note
+/-1500 pips
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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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.