AUDUSD
price has reached a Multiyear support that lies at .718 fib retracement of a bullish move that has begun in January 2016. Just closed a short trade. Now gonna look for sing of reversal if the harmonic butterfly pattern completes. Also will be looking for a short should we breach the support and retest it. Because of the location, my bias is more toward bullish retrace at the moment, but i will let the chart develop and decide accordingly. Dan
Dan
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)