Hi traders,
On the AUDUSD we can see a flag forming. This is created when we have an impulsive move and price slowly retraces. The entry would be at the 61.8% Fibonacci retracement (0.75350) to make a perfect AB=CD pattern for the target (0.75850)
Cheers
On the AUDUSD we can see a flag forming. This is created when we have an impulsive move and price slowly retraces. The entry would be at the 61.8% Fibonacci retracement (0.75350) to make a perfect AB=CD pattern for the target (0.75850)
Cheers
Note
A bit messy, but overall a good prediction.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.