Aussie Dollar has finally broken out the critical resistance at 0.7720.
In the D chart, DI+ shows OB and DI- shows OS, therefore we may respect for some corrections here to Fib ret 23.6% level. Don’t forget the three white soldiers pattern. The short order to be made for a max of 100 pips.
Therefore, if you SHORT now, target profit max 103 pips. (0.7823 to 0.7720)
In the W chart, Fib. Ret. measured from the point 3 (blue) of the ascending triangle pattern R1 at 0.7835, gives the same re-test level on D chart (i.e. 0.7718). The previous breakout candlestick gives an alert for the bears.
Therefore, if you LONG. Target profit max 390 pips. (re-test from 0.7720 to 0.8080) I look forward for AUD/USD to reach 0.8080 or even higher up to 0.8315
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2015 Strong Resistance causes 240 charts a three dark crows pattern.