supply zone, overbought RSI at fib circles, 1.618 fib extensions(not drawn), butterfly pattern and elliott waves all point at a good reversal zone here for audusd-0.06% . taking a sell down to 0.73 zone
Trade active
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100 pips and counting
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going down...
Comments
DAVID_GIRALDO
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might get a chance to re enter at one of these supply zones if we dont get an extended wave 5
waterman
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Very nice application of Elliot wave. I am already in short for a major pullback to 71.Now I will be cautious. thanks !!
DAVID_GIRALDO
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its 61.8 of bat so possibly might get there. im shooting just 0.73 area and looking to enter a long position after