Triple bottom at 0.618 Fib level
Trendline not broken
Go long if hourly resistance is broken
Short if price breaks down from
0.618 Fib level
Stoploss slightly above 0.618 Fib level for both plans respectively.
Buy if price breaks above 0.5 Fib level
with stoploss at the support area
Target price at 0.236 Fib level
Short if it breaks down the support
area with a stoploss slightly above
support. Target price at 0.786 Fib level
There are two possible scenarios, the first one is a corrective upside move that will reach the resistance area and then a reversal. The second one being it breaks the support area, continuing its downtrend further to 0.5 and 0.618 Fib levels respectively.
Formation of lower highs and lower lows, major trendline broken.
Descending triangle pattern, major support zone at 0.236 Fib level broken. Entry at current level with a stoploss of 152.26. Target price of 148.64
AUDUSD trading in a very important zone, take entry for short position if it breaks the trendline below. If it breakouts the above 0..236 Fib level, take buy position with target price at the above trendline. However sentiment is very bullish on the greenback, so I'd recommend shorting with a stoploss at 0.236 Fib level.
Bullish Cypher formation according to harmonics.