SaifurRahman
Long

Possible scenarios near term

FX:AUDUSD   Australian Dollar/U.S. Dollar
36 0 1
Possible scenario near term. A move towards .7640 is possible which will complete an alternate AB=CD pattern (CD=1.618AB). There will be a bit of consolidation from yesterdays top to .7340-.7300 area and could extend toward.7250 area which is the 0.618 retracement of the recent up move. Price is expected to shoot up from that level towards 0.76. Below .7250 the outlook will turn bearish .

I am new here and appreciate any positive feedback. Thanks

*DISCLAIMER* I am not providing any trade signals here. This is just my assessment of the current scenarios, Thanks*

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out