On the AUDUSD chart we are getting close to the very interesting area which may give a nice up move.
On the chart we can see a distinct ABCD pattern converging with 1.618 external retracement of the XA leg at 0.7331.
If the area would be respected I expect price to go around 0.382 of the AD leg.
Best trades!
On the chart we can see a distinct ABCD pattern converging with 1.618 external retracement of the XA leg at 0.7331.
If the area would be respected I expect price to go around 0.382 of the AD leg.
Best trades!
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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.