astairwaytoprofit

Did the up trend is about to end?

FX:AUDUSD   Australian Dollar / U.S. Dollar
The possible target of wave {4} is very close. The 50% fibo retracement of wave {3} and the 1.618 fibo ext of ABC is near. Considering DPO indicator wich is ready to make negative divergence, our conclucion is that this week will confirm if this scenario will became real.
Suggestion: Neutral position
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Trade active:
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It is possible to have an abcd pattern in development and this could be the completion of wave {iv}.
Trade closed manually
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ABCD pattern is still in play.
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AB=CD Target reached.
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