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SimplyNato_
Sep 2, 2018 10:45 AM

AUDUSD - Long Long

Australian Dollar/U.S. DollarFXCM

Description

Looking at how the chart has been acting over the last several days we are seeing constant testing of Trend lines and S&R lines.

There is still a little bit of a movement to the downside to test a support around 0.71600 if it doesn't break through i'm looking for a break to the upside around the Fibonacci 50% respecting the downwards Trend line then break to the down side.

Also may be a valid Butterfly Harmonic

**Of course this could be completely wrong and the market just drops it like MC-Hammer
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