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PortmoreCapital

161.8 Fibonacci Extension completed. retrace of ABCD?

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
PortmoreCapital  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Harmonic Patterns AB=CD USD (US Dollar) shortsetup pips
2
2
harmonicpatterns abcdpattern usd-us-dollar shortsetup pips
Harmonic ABCD has completed. price has rejected 161 level. which is also previous major support / resistance area this has now formed a double top. we now have bearish momentum. and i am expecting a retrace of the AD move. 1st target is 38% and 2nd target is 50%. stop loss is above previous high at 0.7910
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