AUD/USD - Market Update - Price expected to reach 0.80000
Last week we noticed that price had a 23.60% Minor Fibonacci Rejection (despite it not hitting it to the PIP, I consider that a rejection). We are projecting price to reach 0.8000. If price does reach that area, we may be entering a -Critical Zone-.
If we manage to see any strong -bearish- candle close around 0.8000 we could place a potential CTT (Counter-Trend-Trade) and ride it down to 0.7750. If we have confirmation.
Last week we noticed that price had a 23.60% Minor Fibonacci Rejection (despite it not hitting it to the PIP, I consider that a rejection). We are projecting price to reach 0.8000. If price does reach that area, we may be entering a -Critical Zone-.
If we manage to see any strong -bearish- candle close around 0.8000 we could place a potential CTT (Counter-Trend-Trade) and ride it down to 0.7750. If we have confirmation.