Hi traders,
On the AUDNZD we have confluence between the 100% Fibonacci extension of the ABC move (which is a perfect AB=CD pattern) and the 161.8% Fibonacci extension of the ABA move. These two combined can be a very strong reversal point.
Entry: 1.06078
Stop: 1.05875
Target: 1.06565 = R:RR 2.40
Good luck traders!
On the AUDNZD we have confluence between the 100% Fibonacci extension of the ABC move (which is a perfect AB=CD pattern) and the 161.8% Fibonacci extension of the ABA move. These two combined can be a very strong reversal point.
Entry: 1.06078
Stop: 1.05875
Target: 1.06565 = R:RR 2.40
Good luck traders!
