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AUD/USD DAILY BEARISH FIB FULFILMENT

FX:AUDUSD   Australian Dollar/U.S. Dollar
2848 6 40
AUD/USD             DAILY DAILY BEARISH A,B,C,D, FIB HAS RECENTLY BEEN FULFILLED.

BOUNCE TO THE UPSIDE EXPECTED TO FORM A NEW LOWER HIGH BEFORE FALLING
TO THE WEEKLY OVERALL FIB 2 TARGET.

FRIDAY THE 19TH DECEMBER DAILY CANDLE CLOSE NEARLY SCRAPED A BULLISH ENGULFING BUT NOTHING SUBSTANTIAL IN TERMS OF BULLISH MOMENTUM .

DUE TO FULFILLING THE DAILY FIB D EXTENSION AT 0.8140 WE COULD POSSIBLY SEE A SMALL BOUNCE TO THE UPSIDE...MAYBE EVEN TO CREATE A NEW LOWER SWING HIGH, MAYBE A 4TH T.L BOUNCE BEFORE RESUMING THE OVERALL DOWNTREND AND REACHING THE 0.7750-90 WEEKLY FIBONACCI EXTENSION 2

OVERALL THE LONGER TIMEFRAMES FOR AUSSIE ARE POINTING SOUTH AS WE ALSO HAD A STRONG MONTHLY KUMO BREAK FOR NOVEMBER CLOSE...

WILL BE CHECKING BACK ON THIS PAIR THE 5TH OF JANUARY.
thanks for this post Its very informative
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99nines
2 years ago
I like this very much
Reply
OptionsTrader 99nines
2 years ago
I don't as I wait to shift currency
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growreallife
2 years ago
Have a Possiblelity
Reply
RolliePotter PRO
2 years ago
Thanks for you chart and comments. By the way, how do I add FIB to my charts?
Reply
jangseohee
2 years ago
you are right, if the big fat red channel cant retain the price, there is another one at blue region
snapshot
+1 Reply
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