while longer term harmonic targets for audusd can be 1.04~1.21 if looking at daily and weeklys, let's have a look in the short term, we may have just come to pause in the rally.
Our butterfly comes into play against the trend. Why? Well since the rally from .8800 we have now had our only real test of previous pivots points (those of late september). Even though we have bounced from those, there is a completed butterfly on the hourlys.
You have to break down to a 15 minutes to see the structure of the BAT. If you stopped at the 30 mins then the only structure we can see is for another butterfly as B comes in at .786 which argues for another test higher.
On the 15 mins, and it's a little bit messy with the gap open this morning, we can count 1.27ABCD, and 2.0BC around .886XA.
So if the 15 min count is correct then we may see some weakness in the early part of the week. If the 30 min count is the correct one then ABCD comes in at .9990ish and 1.27ABCD 1.0040
0 komentarze:
Post a Comment