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AlgoVenture

AUDUSD Double AB=CD for Short

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
AlgoVenture  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns retracementlevels 618 Fibonacci Retracement AUDUSD
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trendanalysis chartpattern retracementlevels 618fibonacciretracement audusd
A retracement channel formed by AB=CD formation was broken below previously,
and yet another AB=CD retracement channel, with a reversal candlestick formation, is completed at FR61.8%.
On the other hand, the price is also closer to the higher band of the sideways movement since the beginning of July.
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