for me a strong set up in the audusd good for pending order.
first i start with the fibo retracement in red , and my extreme target will be the 88.6 %
the next conformation is my green fibo where my extreme level is the 161.8 % what also my harmonic pattern complete.
if you draw horizontal line between the 88.6 % and the 161.8% you see this support line worked perfect in the past.
My last confirmation is my gann line where the 8/1 lvl = 88.6% fibo lvl works here for a support level.
Because of manny fibo lvl's togheter i expect a bullish reaction from here, there is allot of support before price can fall lower.
first i start with the fibo retracement in red , and my extreme target will be the 88.6 %
the next conformation is my green fibo where my extreme level is the 161.8 % what also my harmonic pattern complete.
if you draw horizontal line between the 88.6 % and the 161.8% you see this support line worked perfect in the past.
My last confirmation is my gann line where the 8/1 lvl = 88.6% fibo lvl works here for a support level.
Because of manny fibo lvl's togheter i expect a bullish reaction from here, there is allot of support before price can fall lower.