AUDUSD (2618 and ABCs) - Daily Chart
2618 Setup
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Flooe + 0.618 = 2618
There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for major retracement.
MACD shows lower low expecting bullish impulse.
Good Trading. - Daily Chart
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Flooe + 0.618 = 2618
There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for major retracement.
MACD shows lower low expecting bullish impulse.
Good Trading. - Daily Chart
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