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DeGRAM
Mar 11, 2024 9:09 AM

DeGRAM | AUDCAD created AB=CD move Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD rebounded from the resistance and 127.2% fibo extension levels.

Price created an equal measured move, or AB=CD pattern.

On the D chart, the market pulled back from the 61.8% fibo golden zone and 0.89500 resistance.

We expect the price to retest at least 32.8% of the fibo retracement level.


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Comments
TheFxAce
Your detailed exploration of bearish market signals is insightful.
JoeChampion
i doubt it will do especially with the current bullish momentum on indices AUD should continue higher and flying due to correlation!
DeGRAM
Good luck in the markets and have a great trading week!
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