AUDUSD Alternative Scenario : Double Direction
Today is Full Moon >>> High Probability for AUDUSD to make turning point between November 19th untill 21th
61% AUDUSD will Bullish to reach the next target 0.76400
39% AUDUSD will Bearish to reach the next target 0.70700
Wait for Price Action to make a decision, market now likely wants to end it's flag pattern and perform a strong bearish trend if the flag pattern has been broken out with an impulsive red candle
Market can also make a false break on the lower trend line in the flag pattern, can develop a huge bullish movement until next New Moon
Strong Classic Support and Resistance had placed in the chart using a yellow horizontal line, where the market mostly respect to those level
Fibonacci Level has been plotted to the chart to make it easier to understand
0.786 is the most important level and will be our moment of truth what is the next price direction
1.272 External retracement is our next target for either bullish or bearish scenario
61% AUDUSD will Bullish to reach the next target 0.76400
39% AUDUSD will Bearish to reach the next target 0.70700
Wait for Price Action to make a decision, market now likely wants to end it's flag pattern and perform a strong bearish trend if the flag pattern has been broken out with an impulsive red candle
Market can also make a false break on the lower trend line in the flag pattern, can develop a huge bullish movement until next New Moon
Strong Classic Support and Resistance had placed in the chart using a yellow horizontal line, where the market mostly respect to those level
Fibonacci Level has been plotted to the chart to make it easier to understand
0.786 is the most important level and will be our moment of truth what is the next price direction
1.272 External retracement is our next target for either bullish or bearish scenario
Price Target 0.70700
Trade with your own strategy, this is just a forecast
Entry the market using your method and trading rules
Good luck! Happy Weekend
Have a nice day and enjoy your profit