AUDUSD
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We will see how this setup developp. If AUDUSD
keep going down during week, I will be chasing a buy in the lower
supply&demand area that I just drew on this chart. The reason is simple,
we would have 61.8% of the whole trend fibs level and an ABCD PATTERN.
Thats only if AUDUSD retrace till 38.2% fibs level from the current level,
because the opposite of 38.2% is 240% or 261.8% and on this current chart,
the 61.8% of the whole trend gives on the same area as the 261.8% BC
projection! But like I said, I will update this chart as the price action moves.
-
We will see how this setup developp. If AUDUSD
keep going down during week, I will be chasing a buy in the lower
supply&demand area that I just drew on this chart. The reason is simple,
we would have 61.8% of the whole trend fibs level and an ABCD PATTERN.
Thats only if AUDUSD retrace till 38.2% fibs level from the current level,
because the opposite of 38.2% is 240% or 261.8% and on this current chart,
the 61.8% of the whole trend gives on the same area as the 261.8% BC
projection! But like I said, I will update this chart as the price action moves.