AUDUSD: fibo 0.786-1.0 as next target zone

FX:AUDUSD   Australian Dollar / U.S. Dollar

This chart is simple just as AUDUSD making a "V" without a stop.
This is not happen very often, but once it happans, it silly to make any short trades again and again with your stop loss hit again and again, perhaps you dont even have a stop loss just keep bleeding.

For this pair, still easy to trade on daily chart and we mark on the chart already, hopefully help.

Less is more!
Trade closed: target reached
Trade closed: target reached
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Great Analysis Vera.
Do u recon the correction just started? Thank you!
I saw this late, but bought with SL at 0.79250 this morning.with this entery, is it too dangerous to expect retracement to 1 happens?
any idea why this pair fluctuate so dramatically? except the factor that we are taking advantage of the weakness of usd.
FUNTRADER-Vera Julian-sands
@Julian-sands, do you really think we can find out any reason that is real?
+1 Reply
Julian-sands FUNTRADER-Vera
@FUNTRADER-Vera, ok, keep wandering around in the mist.
ANEI Julian-sands
@Julian-sands, I think because of pressure of the monthly time frame. It just get into the ichimoku clouds. I mean it just broke an important resistance and completing the monthly divergence in MACD.
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