AUD/USD: the aussie can rise

AUD/USD: the aussie can rise

2019-11-11 • Updated


BUY 0.726 SL 0.7205 TP1 0.736 TP2 0.7435 TP3 0.748, BUY 0.7215 SL 0.716 TP1 0.7315 TP2 0.736 TP3 0.7435

On a daily chart of AUD/USD, 88.6% and 113% targets of the “Shark” pattern were reached. This situation increases the risks of the reversal towards 23.6%, 38.2% and 50% from the CD wave as the “Shark” transforms into 5-0. 


On H1, the reversal towards 38.2% from the old CD wave after reaching 88.6% target helped to form a long position. History repeats itself. The reversals towards 23.6% and 38.2% from the new CD wave make it possible to gain long position again.



AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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