AUD/USD M1
Price making pressure to the support line of the channel, hopping price doesn’t go below 88.6% BC Fibo retracement and determinate that we have a Bullish ABCD pattern. If I take de X point into the harmonic analysis, the projection is for a Bullish Shark, placing the point D near of 0.3088; it’s hard to believe that it’s going to happen if I consider the channel. For now, I prefer to observe the ABCD pattern formation.
Keep bearish in the short term.
Keep bearish in the short term.
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