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.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。