AUD/SGD Continued SELL (New FIB Idea)

19 giu 2020

On June15th I published an idea to go short on this pair. That has worked out so far but what about potential targets. The initial move up from 19th March, I think has hit the top. A sub move from 18th May in mini waves has completed and so I think the selling should continue. The rate of the selling retrace is slow and unconvincing at the moment. Therefore, there may well be moves back to the the top again. I do however think though that overall, the move will be down to the FIB23% line for the larger move which so happens to be the fib 61% of the sub move. Looking forward to see how this idea works out.