Apologies for repeating this post my chart didn't come out properly but still the same analyses on AUD/USD 4HR
Monthly support broken now historically finding a previous floor with 2 targets in mind. First is the daily fib 3.618 retracement 2nd the next level down which is also the length added from its average range and confluence with a monthly support. Lower swing lows and highs with lower lows and highs in general after the trendline break to the downside respecting a descending trendlline followed by a monthly kumo break out if anyone uses ichimoku are all good signs this pair is plummeting down.
Enjoy and Merry Xmax !!
Monthly support broken now historically finding a previous floor with 2 targets in mind. First is the daily fib 3.618 retracement 2nd the next level down which is also the length added from its average range and confluence with a monthly support. Lower swing lows and highs with lower lows and highs in general after the trendline break to the downside respecting a descending trendlline followed by a monthly kumo break out if anyone uses ichimoku are all good signs this pair is plummeting down.
Enjoy and Merry Xmax !!