AUDUSD short after failing to breach key resistance.
This is pretty straight forward with what we are looking to do here. A lot of room to see this correction all the way to the Golden Ratio Zone.
I like Harmonic Patterns because they trade very nicely with Andrews Pitchfork. You see here the traditional PF and my PF with the Fib ratios a Fiboneles. To trade this you go from parallel to median to parallel.
The inner Fiboneles read just like the Fib sequence tool from .236 - .618. The related Fib extensions are outside of the parallels from 1.18, 1.272, 1.618.
I like Harmonic Patterns because they trade very nicely with Andrews Pitchfork. You see here the traditional PF and my PF with the Fib ratios a Fiboneles. To trade this you go from parallel to median to parallel.
The inner Fiboneles read just like the Fib sequence tool from .236 - .618. The related Fib extensions are outside of the parallels from 1.18, 1.272, 1.618.
