AB=CD harmonic pattern forming on the daily TF of GBP/AUD
An AB=CD harmonic pattern seems to be almost done forming on the daily time frame of GBP/AUD, I've set my target at the previous resistance area of point B in the pattern, and my stop loss comfortably set above the last swing high, allowing for a potential risk/reward of 3:1. Can go down to the lower time frames to look for a candlestick pattern etc. for a more precise entry.
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.