expecting a C of and ABC pattern?

FX:AUDUSD   Australian Dollar / U.S. Dollar
37 0 1
I expect Aussi to retrace to a key retracement level before going back up again for a potential C,
this would be a C for the ABC formation following the X (so it could also be called a Z from an YXZ)
move and it would also be a (C) from the weekly timeframe perspective. Thus there might be a good
long set up after touching a key fib level in alignment with a break and close above its current counter trendline .
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