Intersting zone on AU ( if it gets there ).
1.02900 is 78.6 fib retracement of the down move
1.0300 is 161 fib extension of up move and BRN.
and ofcourse an obvious supply area.
S/D traders selling at obvious supply + Fib traders getting short on a 3quarter pull at 78.6 and Longs TP'ing at 1.0300 BRN and 161.8 fib extension.
If it gets there, it will be interesting indeed.
1.02900 is 78.6 fib retracement of the down move
1.0300 is 161 fib extension of up move and BRN.
and ofcourse an obvious supply area.
S/D traders selling at obvious supply + Fib traders getting short on a 3quarter pull at 78.6 and Longs TP'ing at 1.0300 BRN and 161.8 fib extension.
If it gets there, it will be interesting indeed.
- Look to the left, Trade to the right
- I am the system