correcting the move
AUDUSD hed quite a move during october,
previously it had completed the proyection(70%) of a head and shoulder started in early 2021. now forming a W, witch proyection would bring the pair around the 161% proyection of fibonacci.
during all this process it tha formed a downtrend witch has been the neckline for the H&S and now at W retest levels.
i'm placing an order around that 61% fib retracement (0.74)
sl bellow 50%fib retracement, ATR is around 60 pip so 0.734
final target would be 0.777
not financial advice blablabla it's just a reminder for my future me
previously it had completed the proyection(70%) of a head and shoulder started in early 2021. now forming a W, witch proyection would bring the pair around the 161% proyection of fibonacci.
during all this process it tha formed a downtrend witch has been the neckline for the H&S and now at W retest levels.
i'm placing an order around that 61% fib retracement (0.74)
sl bellow 50%fib retracement, ATR is around 60 pip so 0.734
final target would be 0.777
not financial advice blablabla it's just a reminder for my future me