Harmonic patterns and Fibonacci confluence on AUDUSD

FX:AUDUSD   Australian 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:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
See also:

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

I totally agree with your analysis/idea. :)

Lets wait it out.
Good trading.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out