Next target is at 0.07516-.0713 or 0.5-0.618 fiblevel. We should see a strong support in that region
We have reached our target at 0.0737 or 0.618 fiblevel as anticipated since ADAUSD was at 0.081. This is a 9% profit
Our Next target is 8% profit at 0.07956.
The RSI on the 15m has completely cooled off.
But the 4H short, which should be the dominate reference is not looking good. According to the 4H timevframe, we could see another 4-5% drop to 0.0706.
So be prepared for that scenario also.
But which ever scenario come first, it should take us to 0.0796