MarcoJarquin

Short on AU200 - awaiting confirmations

Short
OANDA:AU200AUD   Australia 200
Sharing my thoughts and observations on AU200. I was originally expecting Wave 5 to hit the max historical price observed in 2017 (close to 6,850), however an external divergence at RSI @H4 and MACD makes me now expect a change in the trend. TP suggested to be set at Wave 1-3's Fibo 23%, confluent with Wave 2-3's Fibo 50%. Awaiting confirmations.

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