cryptoyoda
Short

AUDUSD close to hitting top of fork?

FX:AUDUSD   Australian Dollar/U.S. Dollar
167 1 0
1) AUDUSD             seems to have a new fork/slope (navy blue). See zoom at the ML (green arrow) & resistance becoming support on lower quartile and sliding parallel ( SP             ) above it.

2) AUDUSD             seems to be completing the CD leg of abcd; which is within ABCD. d=P, and aligns with an SP             , and is just below the upper median line parallel, so a strong turn is likely there.

Could be a short opportunity if strong resistance is apparent at 0.972-3 (if you're comfortable shorting inside an upward-sloping fork ).
cryptoyoda
3 years ago
Longer-term context:
snapshot
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