Reward2Risk

AUDUSD - Looking at the bearish model

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Aussie took a sharp drop last night and is now dealing with the 72 level.

There is economic data coming out at 0100 hrs tomorrow morning my time (AUS), so I will be paying attention to that.

The Daily chart for mine is modelling a W - X- Y with C of Y in it's early stages.

"IF" true then C=A could find Y circa 67 when complete , which would be an outstanding AUDUSD

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