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jackjamesholmes

AUDUSD long to AB=CD, Fib confluence, then lower

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
jackjamesholmes  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Fibonacci Multiple Time Frame Analysis AB=CD AUDUSD audusdlong audusdshort fibconfluence expansion
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fibonacci mtfa abcdpattern audusd audusdlong audusdshort fibconfluence expansion
AUDUSD has a few things lining up which I think makes for a good play. If we look for a 3 wave retracement to complete as AB=CD equality, it will hit bang on a long term Fib confluence level. Some further analysis on higher time frames supports the idea that it will then head lower. I might update the idea to show, if anyone is interested.
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