Harmonicforex
AUDUSD > Beautiful Buy Pattern Near Entry!!Analysis of #AUDUSD
A Bullish harmonic butterfly pattern near the entry point for a buy but it still not test inside the support zone, be careful if you want to take the pattern as might extend below the low before reversing to close inside the zone
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EUR/AUDX2 Position
1. Sell: EUR / AUD
SL @ 1.53040
TP @ 1.50650
Max Risk: 2%
2. Sell: EUR / AUD
Sell limit: 1.53180
SL @ 1.53700
TP @ 1.51600
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
EURUSD > Quality Bearish Harmonic Bat Pattern!Analysis of #EURUSD
The EURUSD may be forming a quality bearish harmonic bat pattern that might complete near strong structure resistance level where the market failed to break to the upside multiple times before.
if the market indeed completes the bat pattern I will then look for sell entry if the rules for entry are met.
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📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.05437
TP: 1.07148
SL: 1.04250
Bias: Long
As we see the weakness of dollar is the strength of the euro but not always . The inverse correlation does not work mathematically all the time . However, sometimes we can anticipate trading against the weakness or strength of dollar. Here we are going for long as we think the price level of this instrument may rise.