After watching AUDUSD refuse to drop below the .6064 level, it became apparent it was a level of significance. With a fibonacci taken from the high of the 31st and the low at the start of today, the level turns out to be the .786 fib. In addition today's action appears to have just created a triple bottom, evidence of potential upside.
Trade closed: stop reached
Note
Possible bullish shark pattern playing out. Watching for confirmation
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.
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.