AUDUSD Fib levels & if we get equal legs prediction

16 dic 2016

AUDUSD is on its move to a lower trend line on a larger picture. On a smaller picture, price is approaching a harmonic balance level. We have a very strong fib cluster level down below. If a pullback is needed to reach these levels the fib retracements would work out via the upper box.

What I like about the lower level. 1.618 extension followed by a 886 level.
Upperbox: the 618 retracement would make equal legs to the lower box.

20 dic 2016

Nota

Price now entering Fib Cluster region. Expecting some reaction here. We have a harmonic target around the .7088 level for us to keep an eye on. That will be our next target.

21 dic 2016

Nota

2-step pattern showing on the charts. If the pattern holds, this is how I expect it to play out.