AUDCHF Deep Bullish Crab + Classic S/R + Trend Breakout
I am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair "
AUDCHF
" until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic has more potential to be completed. Time will tell.
This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.
AUDCHF
" until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic has more potential to be completed. Time will tell. This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.
Comment:
SLs moved to breakeven. If price starts to make higher highs, I will buy it and be done with shorts until later.
Trade active:
second TP 0.772
Comment:
first TP 0.759xx
Trade closed: target reached:
TAKE PROFIT 1 reached.
Trade active:
STOP moved to BE. On to the next ones
Trade closed: target reached:
TAKE PROFIT 2 reached.