AUD.USD on the verge of BreakOut: AU good news JUMP coming?

AU has been working is this fib series of an "Impulse" started in Dec. 2018.
It has been following quite precisely all the way down, and on the retrace.
Some good economic reports gave it a boost today, right into the fib above.

These "Ripples" have been dictating the Amplitude of AU price waves.
As we can see it likes to jump from one energy level to another (or two).
IF the downtrend has reversed, then NOW is time to look for long term longs.

Plotted is a very high timeframe and thus rather important fib.
The beauty of this map is TIGHT stop losses and PRECISE targets.
Ideal entry is upon a break retest of a fib line with a "Ping" reaction.

See my previous AU plots below under "Related Ideas"

I also plot Crypto and some Stocks, check my Profile Page.

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評論:

Beautiful Ping

Longs fired

SL just below fib

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評論:

We gots Rhythm!

After that Ping above, we have a confirmed Fib

Now looking for a strong reaction at that 2.618

2.618's are always tough, and if not, then bulls are super strong.

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評論:

The force is strong in this one

walked right by the 2.618, normally a very strong barrier from either direction

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