Using the currency strength meter our members have can also help add even more confluence - the 'Sell' was a losing trade at the end of last week, but GBP was still a lot stronger than AUD therefore was a lower probability trade.
Although, trading the strategy independently is fine as you can see with the back testing results - it can just help either remove...
Here is my first analysis post on Trading View.
Harmonic Pattern shown is a completed bearish butterfly
Trendlines are valid are show a created channel.
Around (D) Point was my PRZ (Price Reversal Zone) as the entry shows.
TP 1 is at .382 Fib level
TP 2 is at .618 Fib level
Once price hits TP 1 bring down Stop Loss into profit to secure the trade doesn't lose...
AUDUSD I am longer term bullish, monthly up-trend line support
During the week we saw a breakout of resistance on the 60 minute and a retest Friday
This level approximately equates to the .5 retracement of the weekly up move
8 Hour chart shows a potential wave 3 in formation and FIB projection points to a move up
Waiting for open to see the way the pair plays...