Looking at the charts over the weekend, patterns on the US pairs such as AUDUSD, EURUSD, GBPUSD had already moved nicely as expected. Spotted potential opportunities elsewhere. These two pairs below have not really moved yet, so I will be following their development closely next week
AUDCHF H4 Chart
A bearish Bat has completed and price is currently hovering in a range at the PRZ. Could be a nice sell towards the 0.6230 levels if this pair starts to break below the current range.
GBPNZD H4 Chart
GBPNZD also completed a Bullish Bat pattern, went below the PRZ and stayed below. Currently trading close to PtX, hence giving us a very good risk to reward. Will be looking for potential signs from the candle formations to go long.
Note that the UK will be on holiday on Monday, so I am not expecting much movements on the pound. Will keep an eye on this.
Drop me an email (boonhooi@harmonicforex.com) if you need help with your trading. Tell me the problems you are facing with your trading. I always say, there is no such thing as a silly question. The more you procrastinate, the bigger the hole you will create in your pocket.
Solution is here.....