I am not in the trade, I'm just monitoring it. A break and retest of the support level
0.759 black trend, crossing X & A of the Harmonic Pattern
, I might consider shorting this pair " FX:AUDCHF
" until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern
should be invalid if the wedge
is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic
has more potential to be completed. Time will tell.
This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.