correcting the move
AUDUSD hed quite a move during october,
previously it had completed the proyection(70%) of a head and shoulder started in early 2021. now forming a W, witch proyection would bring the pair around the 161% proyection of fibonacci.
during all this process it tha formed a downtrend witch has been the neckline for the H&S and now at W retest levels.
i'm placing an order around that 61% fib retracement (0.74)
sl bellow 50%fib retracement, ATR is around 60 pip so 0.734
final target would be 0.777
not financial advice blablabla it's just a reminder for my future me
previously it had completed the proyection(70%) of a head and shoulder started in early 2021. now forming a W, witch proyection would bring the pair around the 161% proyection of fibonacci.
during all this process it tha formed a downtrend witch has been the neckline for the H&S and now at W retest levels.
i'm placing an order around that 61% fib retracement (0.74)
sl bellow 50%fib retracement, ATR is around 60 pip so 0.734
final target would be 0.777
not financial advice blablabla it's just a reminder for my future me
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.