AUD CAD Fib 78.6
Updated
- Price is at ascending trendline.
Price is at 78.6 Fib level
Price is at strong horizontal support
Awaiting final candle stick pattern.
RSI is showing divergence.
Expectations to reject off this level and hopefully complete AB=CD pattern.
This is purely my idea and analysis. Trade at your own risk.
Note
Price action has broken trendline. Expect a small retest before price continues Bearish.Note
From Price Action it found support from 0.8900 (a nice large round number)Made a small consolidation then broken above. I expect a small bearish movement back to Fib line / support before continuing bearish.
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