justatrader
Short

AUDUSD - Confluence of measured moves to 0.74 levels

FX:AUDUSD   Australian Dollar/U.S. Dollar
Measured move targets of the triangle + the rectangle range
Bear flag targets of 127.2% and 161.8%

Keep an eye on 0.7665. A bounce above this level will infer that this analysis is invalidated. A bounce back to 0.7665 on break out to the upside should result in exiting the trade at close to 0 loss.

FOMC due on Tuesday, so apply money management and be aware of the volatility.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
HappyKing
2 years ago
Thanks!
Reply
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