AUDUSD DETAIL FOR ENTRY

Hi all,


Structure Analysis -Market is consolidating after a year of punishment, with a double-top indicating desire to make new grounds for structure.
Structure Predictive Analysis - Reasonable to assume that price has bottomed @ 0.7000 which is a relatively strong support level.

Ratio Analysis - XA .78 retracement convergent with AB 1.272 extension.

Harmonic Analysis - Gartley complex retracement. + Point D of Gartley terminates in and around the same area of the termination of AB=CD.

Regards
Laurence

Transakcja zakończona: osiągnięto poziom stop:

Still adamant to go long, despite this loss. The market is definitely exhausted. Will edit chart for other long opportunities shortly.

Regards
Laurence