Corey7288
Singkat

Corrective Levels

FX:AUDUSD   Dolar Australia/Dolar U.S
In my previous chart I forcasted a correction at 0.7865 beacuse:
1.) Inverse head and Shoulders Target Price Met
2.)Resistance of the previous top connected from the previous low (In RED).

So Far, so good.
Now I put some of my swing trade and other tools to work and come up with 3 levels on the Correction.

1. Pyschological/ Fib Support: 0.7799
2. Yellow Rising Wedge Target: 0.7740
3. Elliott Wave Target: 0.7660

Price has fallen out of the Rising Wedge so now it is just how far can it go.

Current Position is a short at 0.7835; aiming for minimum Target 2 @ .7740 or lower
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