AUDUSD Deep Crab Bearish
Legs A,B have completed.
Leg C is in process but has verified a Fib retracement .382 Leg A-B (.75245)
Leg C still has potential to operate downwards towards Fib retracement .886 Leg A-B (.72274)
Current targets are now Leg B-C 2.618 (.83196) if we do not retrace down to .72274.
Otherwise the target changes to a much higher price point.
Enjoy and GLTU
Leg C is in process but has verified a Fib retracement .382 Leg A-B (.75245)
Leg C still has potential to operate downwards towards Fib retracement .886 Leg A-B (.72274)
Current targets are now Leg B-C 2.618 (.83196) if we do not retrace down to .72274.
Otherwise the target changes to a much higher price point.
Enjoy and GLTU
Note
while gaining Bullish momentum this pair remains in a Bearish channelkey candles to break free Long are marked on the study with purple ray(s)
the upside is quite nice if those prices are broken
otherwise more sideways movement or a dip down towards the BC 886 remain possibilities
Note
correction AB 886 not BCwe are still in the BC movement until CD fibs are realized
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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.