AUDUSD price has reached a Multiyear support that lies at .718 fib retracement of a bullish move that has begun in January 2016. Just closed a short trade. Now gonna look for sing of reversal if the harmonic butterfly pattern completes. Also will be looking for a short should we breach the support and retest it. Because of the location, my bias is more toward bullish retrace at the moment, but i will let the chart develop and decide accordingly. Dan
Dan
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Dan
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.