CRABBY AUSSIE!

Tendency: Uptrend( Bullish )
Structure: Harmonic (CRAB)
Observation: i. The engulfing bullish candle springing from our Demand zone emphasizes the strength of buyers in the market at this juncture.
ii. impulse XA leg is observed as price rises to point A.
iii. Point B retraces to an approximate of 0.618 of XA.
iv. BC retraces 0.618 of AB.
v. The CD leg falls right exactly @ 1.618 extension of AB.
iv. Price accelerating towards our Moving Averages.
Trading plan: BUY opportunity with a minimum potential profit of 500 pips.
Risk/Reward: 1/2.5
Potential Duration: 10 to 20 days

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.

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