FX:AUDUSD   Australian Dollar / U.S. Dollar
Unfortunately I'm a bit late to this one, since I've been busy with college lately.

We can see that the A-B leg has retraced to the 0.500 retracement of X-A.
And the completion point at D lies on the ratio confluence area between the 0.786 retracement of X-C and the 1.414 extension of A-B.

This area has also proved to be a strong support before, which could now turn into resistance.
The RSI indicates strong divergence.

It's a bit late to look for profits at the 0.382 of C-D according to my standards, since the Risk/Reward ratio would be less than 1.00. However, it's not too late to seek profits at the 0.618.
Comment: UPDATE:
There is currently another minor cypher setting up on the hourly time frame. The link to the idea is posted below.

With regards to profit seeking, I would adjust and try to hit the 0.382 level mentioned. The USD seems to be depreciating across various pairs, which makes me believe that the potential bear action on AUDUSD won't be strong enough to hit the 0.618.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out