Short AUDUSD
This pair is in a bullish channel since last August. Now, we can see that there has been rejection (Head and Shoulders on a strong resistance) on the upper line of the channel, meaning a possible retracement until the downline of the channel is reached. The new bearish is measured with Elliot Waves and Fibonacci, pronosticating with C wave a slope until 0.6800
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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.