The area of the entry and the targets as described on the chart
We can see a clean break of the ascending channel formation and i expect further downside for this pair.
We have rejected this area on at least 8 times over the last couple of months. Looking at 1.45875 as a target begin my weekly key level. Will be watching the 618 retracement area as a previous strong area of rejection.
HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
FX:EURAUD 1. Double top 2. broken neck 3. found support at 1.5353$ 4. 61.8% retracement / that completes a 2618 setup / double top followed by a 61.8% retracement 5. Eventual wave 4 of 5 of a corrective move 6. Wave 5 ends with a cypher pattern at daily support 7. Wave 3 of 5 of an impulse with the default ratios / wave 3 = 161% ext of wave 1 8. ascending wedge,...