AUDUSD Cypher Pattern and ABCD
AUDUSD is right now in a very strong consolidation which is beneficial for harmonic patterns.
Fundamentals are mixed, but thanks to risk-on attitude on the market right now AUD is gaining and it is possible that it won't last long.
On the chart you can see a Cypher Pattern within an ABCD Pattern, making it a good trading opportunity.
Watch the area between 78,6%-100% Fibo XC (or BC of ABCD Pattern) for potential entry.
Remember to support you trading with fundamental analysis :)
Fundamentals are mixed, but thanks to risk-on attitude on the market right now AUD is gaining and it is possible that it won't last long.
On the chart you can see a Cypher Pattern within an ABCD Pattern, making it a good trading opportunity.
Watch the area between 78,6%-100% Fibo XC (or BC of ABCD Pattern) for potential entry.
Remember to support you trading with fundamental analysis :)
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