#Aussie Hit Target @ 0.87038; Potential Retrace To 0.90941 $AUD
Friends,
AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim.
However, at this point, price has returned to the upper half of its bar after hitting TG-1.
A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a loftier possibility followng the current completion of a Scott Carney's Bullish Shark pattern, which opens the geometry up to the same author's 5-0 pattern.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: 4xForecaster
---------
AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim.
However, at this point, price has returned to the upper half of its bar after hitting TG-1.
A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a loftier possibility followng the current completion of a Scott Carney's Bullish Shark pattern, which opens the geometry up to the same author's 5-0 pattern.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: 4xForecaster
---------
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.