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EuroMotif
Oct 30, 2019 9:47 AM

AUD.USD at a "Make or Break" point, AU probably headed to .69000 

Australian Dollar/U.S. DollarFXCM

Description

AU has been steadily climbing for some time now.
We are now approaching several Wave Ending Fibs.
Currently at previous high, but should break above.

.68745 - .68800 is immediate resistance, obvious to everyone.
.68980 - .69011 is next resistance and possible end of a wave.
.69125 - .69171 would be over-extended and very likely the TOP.

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See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
(perfect short a year ago)
(warning in time)
(massive profit, no drawdown)
(found last bottom)
(in time, to the Pip)
(the very tip-top a year ago)
(perfect entry, huge profits)
(just in time, quick 70 pips)
(Upthrust warning just in time)
(recent perfect entries)
(exact top pegged)
(perfect entry, huge profits)
(Perfect entry, still in play)
(Prefect entry, almost done)
(Fib extensions at work)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

Comment

Here we are, pushing the 69 cent zone
Thanks to a dovish Fed. Amazing how news just so "happens" at important technical levels.

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