AUDUSD : Important Price Levels to Watch
On weekly chart we can find there was a huge bullish crab near 0.7730, and price rebounded back to 0.7890, failed to climb up over 0.79 level, a lower high means the continuation of downtrend.
From price action and ICH perspective, I prefer short the pair and target see below labels:
0.7730 baseline level cofluence with D point of bullish
0.7626 127% fibo Ext confluence with SMA
0.7490 168% fibo Ext conflunece with D point of AB=CD pattern.
Also beware the inflation data to be released tmr.
From price action and ICH perspective, I prefer short the pair and target see below labels:
0.7730 baseline level cofluence with D point of bullish
0.7626 127% fibo Ext confluence with SMA
0.7490 168% fibo Ext conflunece with D point of AB=CD pattern.
Also beware the inflation data to be released tmr.
Trade active:
reached 0.7730, further downside.
Futher Drop