Having completed a 1:0.618 retracement back to 0.382 from the top AUDUSD has broken across the trend line and should now head down to the next 0.618 extension @ $0.689.
See you there.
See you there.
Commento:
Price forming a more complex correction, breaking back through the trendline and finding support. From here it could respect the wedge shape and collapse back down - RSI suggests that is probable, or it could break up further to test the previous breakdown trendline to hit a 1:1 ABC fib @ $0.7316 for to form a WXY that I have drawn on the chart.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
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Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
