AUDUSD Deep Crab Bearish

Legs A,B have completed.

Leg C is in process but has verified a Fib retracement .382 Leg A-B (.75245)
Leg C still has potential to operate downwards towards Fib retracement .886 Leg A-B (.72274)

Current targets are now Leg B-C 2.618 (.83196) if we do not retrace down to .72274.
Otherwise the target changes to a much higher price point.

Enjoy and GLTU

Komentar:

while gaining Bullish momentum this pair remains in a Bearish channel

key candles to break free Long are marked on the study with purple ray(s)
the upside is quite nice if those prices are broken

otherwise more sideways movement or a dip down towards the BC 886 remain possibilities

Komentar:

correction AB 886 not BC
we are still in the BC movement until CD fibs are realized