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AUD/USD DAILY BEARISH FIB FULFILMENT

FX:AUDUSD   Australian Dollar / U.S. Dollar
2898 6 42
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.
you are right, if the big fat red channel cant retain the price, there is another one at blue region
+1 Reply
Thanks for you chart and comments. By the way, how do I add FIB to my charts?
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Have a Possiblelity
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I like this very much
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I don't as I wait to shift currency
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thanks for this post Its very informative
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