TheChartistTechnic

AUDUSD Swing LONG for coming Month

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Move A never confirm our Swing Position by Bouncing back on 0.67500 Level. A confirmed swing is when price breaks the channel and comes back to test a major price support or resistance. Am expecting a very deep retracement with move B. To scalp the down move we can waiti for price to go below the channel. Expecting a 61.8% or 78.6% Fibonnacci Retracement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.