Hi traders,
On the AUDUSD we can see a flag forming. This is created when we have an impulsive move and price slowly retraces. The entry would be at the 61.8% Fibonacci retracement (0.75350) to make a perfect AB=CD pattern for the target (0.75850)
Cheers
On the AUDUSD we can see a flag forming. This is created when we have an impulsive move and price slowly retraces. The entry would be at the 61.8% Fibonacci retracement (0.75350) to make a perfect AB=CD pattern for the target (0.75850)
Cheers
Commento:
A bit messy, but overall a good prediction.
