AUDUSD Market Outlook – 4 Fe 2018

AUDUSD Market Outlook – 4 Fe 2018

AUDUSD was the one enjoyed the strong bullish momentum last two years. Since the formation of Cypher (D1<D1 Harmonic Pattern Plus), AUDUSD continued its bullish movement since last December and January. At the end of January, AUDUSD was struck with large bearish ABCD pattern formation. It hit around 200 pips down last week. Also note that the increasing bearish candle bar size on last Friday. In addition, check the extended equilibrium fractal wave channel and its potential landing zone when AUDUSD is continuing its bearish movement.

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Price Breakout Pattern Scanner-Harmonic Pattern Plus AUDUSD S011

 

 

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