Roker1
Short

Harmonic patterns and Fibonacci confluence on AUDUSD

FX:AUDUSD   Australischer Dollar/U.S. Dollar
Hi traders,
this kind of analysis is unusual for me to share, but i want to show how important could be having more reasons together as confirmation of your bias.
The black line correspond to a daily support level , that could turn into resistance now that's been broken. Not only do we have structure, we also have two different harmonic pattern (equal measure move) completing right there. In addition, we can see three Fibonacci extensions lining up at the same spot.
Having all those reasons rises our confidence in this setup. With the structure's help i've outlined a zone i'm going to pay very attention to in order to find shorting opportunities in form of candlestick formations (in this timeframe and in the hourly).
I'll keep you updated.

If you have any question, please ask beneath.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
See also:



I trust you will find it interesting
Antworten
Roker1 Telson
Thanks for sharing @Telson . It's always important to have a bigger picture. Seems pretty good!
Antworten
Telson Roker1
@Roker1, thank you too.

I totally agree with your analysis/idea. :)

Lets wait it out.
Good trading.
Antworten
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