AUDUSD LONG elliot/rsi/breakout/fibo R:R 2 700pips Daily

AU is correcting back from last downward wave; it has already reached the 0.786 lvl, from where closed the first abc wave, and already formed the b wave too, touching the 0.23. I think this correction will extend long-term to 1.618 fibo extension, going fractally touching 0.618 of the bigger downward wave.
Rsi weekly confirm and Rsi monthly divergence too, enjoy ;)

Anulowano zlecenie:

the trade is cancelled because of big rejection of the neckline, seems instead AU is ready for new low, EXIT

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