GBP/AUD: Harmonic continuation? Where will the rally stop...?
Will PA be stopped by the trendline, will we get an harmonic continuation and possible three drives pattern...?
I honestly don't know and neither does anyone else! My last short failed and now I'm looking for new trade opportunities.
I am willing to take a trade based on the above setup.
SL is rather tight but if we break the trendline then we might be on the way to form a double top at the previous high so you wanna have a tight sL in any case... Better to enter a new trade at the double top than risk having a wide sL above that top imo...
I honestly don't know and neither does anyone else! My last short failed and now I'm looking for new trade opportunities.
I am willing to take a trade based on the above setup.
SL is rather tight but if we break the trendline then we might be on the way to form a double top at the previous high so you wanna have a tight sL in any case... Better to enter a new trade at the double top than risk having a wide sL above that top imo...
