There's a lot of stuff going on but I'm eyeing a short OP on the AUDCAD for several reasons.
The main key is confluences of harmonic movement.
We can see in bright blue a potential ABCD short at the 1.27/1.382 movement.
There is also another green ABCD short opp at 1.27/1.382 movement.
Green 1.27 and Blue 1.382 meets confluence.
Both ABCD has perfect 61.8 retracements.
That that level we also see previous structure resistance from about a month ago - red dashes.
You can also see downtrend swings with 3 equal harmonic movement. if it decides to reverse, then we might see another red harmonic movement as indicated on the ride side of screen.
My stop is .5% from green 1.382 levels. If i'm wrong, I'm wrong. R/R level I didn't even bother counting but it's on our side.
Target 1 is Yellow retracement the AD leg of blue ABCD @ 38.2.
Target 2 is 61.80.
It would be great if a pattern emerges in the next few days for a short.
One thing that worries me is those icons of flags on the bottom of the screen. Is that news coming out?
What do you guys think?
The main key is confluences of harmonic movement.
We can see in bright blue a potential ABCD short at the 1.27/1.382 movement.
There is also another green ABCD short opp at 1.27/1.382 movement.
Green 1.27 and Blue 1.382 meets confluence.
Both ABCD has perfect 61.8 retracements.
That that level we also see previous structure resistance from about a month ago - red dashes.
You can also see downtrend swings with 3 equal harmonic movement. if it decides to reverse, then we might see another red harmonic movement as indicated on the ride side of screen.
My stop is .5% from green 1.382 levels. If i'm wrong, I'm wrong. R/R level I didn't even bother counting but it's on our side.
Target 1 is Yellow retracement the AD leg of blue ABCD @ 38.2.
Target 2 is 61.80.
It would be great if a pattern emerges in the next few days for a short.
One thing that worries me is those icons of flags on the bottom of the screen. Is that news coming out?
What do you guys think?