I see
AUDUSD
pair form Head and Shoulder formation but it is also confirmed that this pair reach the support trendline 3 times.
So, my assumption is this pair will going to 0,61% Fibonacci and if it broken, it will extend it's move to 0,78%.
In 0,78 Fibonacci you can see there are 2 resistance line, horizontal and the trendline. I think it will be strong enough to hold bull movement and also bring it down to 0,38% (or even to 0,23%).
disclaimer : I trade for my self and so you are, so be wise and use proper money management.
AUDUSD
pair form Head and Shoulder formation but it is also confirmed that this pair reach the support trendline 3 times. So, my assumption is this pair will going to 0,61% Fibonacci and if it broken, it will extend it's move to 0,78%.
In 0,78 Fibonacci you can see there are 2 resistance line, horizontal and the trendline. I think it will be strong enough to hold bull movement and also bring it down to 0,38% (or even to 0,23%).
disclaimer : I trade for my self and so you are, so be wise and use proper money management.
Trade closed: target reached:
My 1st target are closed smoothly.
