Fib Retest set up for AUD/CHF bearish position
Downtrend established due to 2 consecutive cycles.
respect of the 8 ema and therefore under the ema ( to the left)
touch of 27 extended fib so due for retracement and back down to extension 61.8 to fulfil the ABCD pattern
Potential to go even further to the monthly support around 0.70500
4:1 ratio risk reward
respect of the 8 ema and therefore under the ema ( to the left)
touch of 27 extended fib so due for retracement and back down to extension 61.8 to fulfil the ABCD pattern
Potential to go even further to the monthly support around 0.70500
4:1 ratio risk reward
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