Good evening guys, NFP is friday and i'm excepting USD to be bullish after the AMAZING ADP... the forecast is REALLY POSITIVE, so im expecting xxxUSD down and USDxxx UP...
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Alright so if we take a look at AUDUSD, our KEY LONG LEVEL, is around 0.73800, why? Because there is a 61.8% fibs, WEEKLY SUPPLY AND DEMAND. STRONG SUPPORT LEVEL and ALSO, an amazing RECIPROCAL AB=CD...
For the people that doesnt know what is a RECIPROCAL AB=CD PATTERN, basically it is very easy... it give us the entry for the trend continuation level. And on AUDUSD the trend continuation level is at the same level of the 0.61.8& AND a strong weekly area!
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Alright so if we take a look at AUDUSD, our KEY LONG LEVEL, is around 0.73800, why? Because there is a 61.8% fibs, WEEKLY SUPPLY AND DEMAND. STRONG SUPPORT LEVEL and ALSO, an amazing RECIPROCAL AB=CD...
For the people that doesnt know what is a RECIPROCAL AB=CD PATTERN, basically it is very easy... it give us the entry for the trend continuation level. And on AUDUSD the trend continuation level is at the same level of the 0.61.8& AND a strong weekly area!