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Callumgt
Jan 2, 2017 10:25 PM

AUD/USD ABCD COMPLETION?  Long

Australian Dollar/U.S. DollarFXCM

Description

On the AUD/USD we have seen huge bearish momentum and price has currently stalled at the -0.27 fib extension level which is in perfect confluence with my key support zone. I am expecting bullish price action coming into 2017 and think this pair has the potential to rally back up to point C of the ABCD pattern.

Comment

took profit after seeing the tweezer tops at key resistance and forming a potential lower high.
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