This One Is For All You Fib Lovers Out There [Quick Updates]

Hey all, the Trading Guru is back with another entry on the new series called 'Quick Updates'.

We can see this beautiful 0.382 fib retracement on AUDNZD (see the left side). The price already bounced off once very cleanly on the .382 level. Since the overall trend has a clear reversal on a higher timeframe (see the right side), it is expected that the price continues this larger reversal after making a small retracement on the 15m.


--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.

- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!