aud usd

[robert11]

aud usd

We are witnessing a crab harmonic pattern on the H4 TF. Based on the elapsed time we are expecting to see a drop if the supply pressure exists in the market.

http://pcm-fx.com/forums/forumdisplay.php/38-English-Forums

 

[George A]

aud usd

We are witnessing a crab harmonic pattern on the H4 TF. Based on the elapsed time we are expecting to see a drop if the supply pressure exists in the market.

http://pcm-fx.com/forums/forumdisplay.php/38-English-Forums

It sure is a Crab , and just missed its target of 9682 .
It is also a rally of 87.5 of the June top to August low ( target 9674 ) , and just missed the 88.6 ( target 96845 , which is a level which many traders prefer using ) of the Jun to August low .
You also talked about TIME elapsing , are you talking about GANN ???
Cheers ,
George

 

[Dick Lexic]

aud usd

We are witnessing a crab harmonic pattern on the H4 TF. Based on the elapsed time we are expecting to see a drop if the supply pressure exists in the market.

http://pcm-fx.com/forums/forumdisplay.php/38-English-Forums

hi robert11 how will you measure supply pressure?

 

[George A]

aud usd

We are witnessing a crab harmonic pattern on the H4 TF. Based on the elapsed time we are expecting to see a drop if the supply pressure exists in the market.

http://pcm-fx.com/forums/forumdisplay.php/38-English-Forums

Well Robert, the open looks good , as we have NOT opened with a big gap up :clap: .
Good luck with ur short here , It is a good strong level with a high probability of success from a Fib prospective .
Cheers,
George

 

[robertofx]

I am bullish on the pair. Look at the current PA. So sign of bears at all. I am waiting for a pullback to get in the bull ride.

 

[George A]

I am bullish on the pair. Look at the current PA. So sign of bears at all. I am waiting for a pullback to get in the bull ride.

We may still get a reversal i think ,, the Aussie can do that sometimes , sit at a level for a while before moving in the direction it is meant to go .
Do u trade Harmonic patterns Roberto ??? I personally do NOT go looking for them , BUT i DO know their structures , and easily recognize them on the chart , but i do NOT draw them because i dont like clutter .
Cheers,
george