AUD/USD setup
Updated
This pair was very interesting this week. The point A and point C are touched by 1.272 fib retracement tool. I cant show you here in just one pic because its gonna look very incomprehensibly. Also, point B is touched by the fib extension 1.272 . The point D can be located on the 1.414 fib extension which is also previous trend resist level. I think is going to be very good trade. TP can be set at 1.414 fib extension, but price can go further up but we can not tell this at this time. SL can be set at previous support level, if the price goes below that level, its clear that the price is going down for a while.
Let me know your thinking !! -- Please write a comment below.
Good luck traders , hope you have great trading week.!!!
Let me know your thinking !! -- Please write a comment below.
Good luck traders , hope you have great trading week.!!!
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