FX:AUDUSD   Australian Dollar/U.S. Dollar
181 1 4
AUDUSD             on 60 min chart potential corrective pattern abc setting up.

MACD bearish divergence suggests recent top was wave 5. Looking for a wave to stop at prior wave 4. From there a b wave to 61.8 - 78.6 fib retracement.

From here potential short trade

Enter short @ .7670 - .7885

Stop loss above start of a wave @ .7710

Target c, with 1.27 fib extension @ .7540.

Approx. 3 R/R.

piptamil
2 months ago
Thank you...
Reply
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