AUD/USD - Harmonics Meet Technical Structure

Hello, Traders!

Today, we have tremendous confluence on the 1D AUD/USD chart with a Bullish Crab and Reverse Head and Shoulders pattern.

As price is making its way down to touch the neckline of the Head & Shoulders pattern, a Bullish Crab pattern is shown with D point right at the same reversal zone, while meeting a historically strong rising trendline.

Risk:Reward - 1:3

The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
AUDUSDBullish CrabChart PatternschrisschultheisHarmonic Patternskylemcquadelewisglasgowsix000sixfigurecapitalTechnical AnalysisTrend Analysis

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