#AUDUSD Reached 38.2 Fib Take Long Or Wait For Entry at 61.8

Name: #AUDUSD Reached 38.2 Fib Take Long Or Wait For Entry at 61.8
Uploaded: 2020-01-07T04:18:04.990225
Channel: vikinsa
Description: Hi Traders, AUDUSD Reached 38.2 Fib as expected and we have a lot of confluence there. However on Daily timeframe it is getting overbought so we need to be careful. If the market shows rejection at 38.2 then we can add to our long positions else we will have to wait for 61.8 level where more confluence is. If the entry has been taken at 38.2 then stops will have to be below 61.8 naturally.

Long

Australian Dollar / U.S. Dollar (FX:AUDUSD)

Updated

FX:AUDUSD Australian Dollar / U.S. Dollar

Fibonacci Harmonic Patterns AUDUSD Fibonacci Retracement Fibonacci Extension Fibonacci Cluster Fibonacci Confluence confluencetrading vikinsa

fibonacci harmonicpatterns audusd fibonacciretracement fibonacciextension fibonaccicluster fibonacciconfluence confluencetrading vikinsa

Hi Traders, AUDUSD Reached 38.2 Fib as expected and we have a lot of confluence there. However on Daily timeframe it is getting overbought so we need to be careful. If the market shows rejection at 38.2 then we can add to our long positions else we will have to wait for 61.8 level where more confluence is. If the entry has been taken at 38.2 then stops will have to be below 61.8 naturally.

Comment:

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abcd pattern about to complete:

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