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AUDUSD Potential long opportunity with Bullish ABCD Pattern
Australian Dollar / U.S. Dollar
Long
AUDUSD Potential long opportunity with Bullish ABCD Pattern
By trader0618
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May 9, 2017
6
May 9, 2017
On the AUDUSD chart we are getting close to the very interesting area which may give a nice up move.
On the chart we can see a distinct ABCD pattern converging with 1.618 external retracement of the XA leg at 0.7331.
If the area would be respected I expect price to go around 0.382 of the AD leg.
Best trades!
AB=CD
trader0618
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