AUD/USD recently broke though a key support level. The pair is also trading within a channel, and is now likely to complete the ABCD pattern. The shaded area is my profit target, which corresponds to a monthly Fibonacci level, while a stop will be set a little above the support line due to the probability of a retest. I believe this pair can possibly drop below...
I believe there will be an upcoming period in a few weeks or months, where a long opportunity will present itself. This pair has bounced off of a fibonacci retracement and looks to be forming the rest of D part of the ABCD pattern. Also, the pair is currently trading in a channel, which I expect will be broken out of and this pair will head to the upside. I'm...
