A strong bearish channel has formed on the AUDUSD 4H Chart.
This brings up an opportunity of a potential bullish harmonic pattern forming as seen in the chart.
Price is likely to go bearish until it hits the "Point D" area before going bullish once again, all following in the bearish channel trend.
Take note that price may also ignore this pattern and simply break below the current support like how a normal bearish channel would.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
This brings up an opportunity of a potential bullish harmonic pattern forming as seen in the chart.
Price is likely to go bearish until it hits the "Point D" area before going bullish once again, all following in the bearish channel trend.
Take note that price may also ignore this pattern and simply break below the current support like how a normal bearish channel would.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.