AUDUSD outlook (swing trade)
#Channel up
Audusd inside channel up and almost hit support trendline. If support touch,, we can set buy and aim for resistance around 0.8423
#falling wedge
As we can see at previous wave, this pair perfrom falling wedge before hit support, and now it perform same pattern again. Break up this pattern will be very ptofitable
#ABCD fibonacci retracement
at 2017, this pair perform ABCD pattern and success to hit and break up target at 1.618.
Now we are near to second 0.618 retracement at 0.7637
If this level touch, we can set bullish with 1.618 target at 0.8423
If target reach, it will perfrom bearish three drives pattern at next wave.
Good luck
Audusd inside channel up and almost hit support trendline. If support touch,, we can set buy and aim for resistance around 0.8423
#falling wedge
As we can see at previous wave, this pair perfrom falling wedge before hit support, and now it perform same pattern again. Break up this pattern will be very ptofitable
#ABCD fibonacci retracement
at 2017, this pair perform ABCD pattern and success to hit and break up target at 1.618.
Now we are near to second 0.618 retracement at 0.7637
If this level touch, we can set bullish with 1.618 target at 0.8423
If target reach, it will perfrom bearish three drives pattern at next wave.
Good luck
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