9Jan/120
AUDSGD HITS T1, STOP ON 2nd HALF TO BREAKEVEN
A pull back off the 94.1 AB=CD point did not achieve T1, after some divergence and a breach of X price dropped into the first target. Stop to break even on 2nd half position.
30Dec/110
AUDSGD SETTING UP FOR BEAR GARTLEY HARMONIC PATTERN
AUDSGD is forming the CD leg of a potential bear gartley harmonic pattern. The AB=CD equivalent coincides with the 94.1 retrace of XA. The more classic PRZ for the gartley is at the 78.6 or the 88.6 retrace. Some structural resistance left particularly at 88.6. Watching RSI for potential entry point. An equivalent AB=CD PRZ would offer a good risk:reward.
