#Aussie Hit Target @ 0.87038; Potential Retrace To 0.90941 $AUD
Friends,
$AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim.
However, at this point, price has returned to the upper half of its bar after hitting TG-1.
A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a loftier possibility followng the current completion of a Scott Carney's Bullish Shark pattern, which opens the geometry up to the same author's 5-0 pattern.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: @4xForecaster
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$AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim.
However, at this point, price has returned to the upper half of its bar after hitting TG-1.
A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a loftier possibility followng the current completion of a Scott Carney's Bullish Shark pattern, which opens the geometry up to the same author's 5-0 pattern.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: @4xForecaster
---------
