Short Term Correction

FX:AUDUSD   澳幣 / 美元
Price is channeling well, and if this is the proper count the we could expect a varying degree pullback off this 1.618% extension. if it does, would look to add further long contracts around 23.6% - 38.2% retracement zone. (.7850.7780) for eventual target of .8025 and beyond.
Hello, I’m wondering if you recon the correction just started now? Or it’s just a short bounce? Thank you very much :)
@AshaDi, please refer to chart and idea
Thanks for teaching me about "channel". I knew it was a pattern to it going up but I could not see it until now. I could have down very well with this trade if I had seen this channel form.
Corey7288 webspider2000
@webspider2000, You're welcome. Thanks for the comment. And being honest. just found yesterday too lol. but plenty of time to do very well with this trade. looking to add more on a retrace myself. Good luck!! -Corey
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