UlisesFlCa

Short AUDUSD 1D Fib levels, XABCD pattern

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FX:AUDUSD   Dólar australiano/Dólar estadounidense
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We utilize 3 Fib expansions in a XABCD pattern:
- First of all, we got a XABCD pattern with the D leg completed at the max levels of the last week. (0.7990)
This give us an indication that the market is about to go retest a new resistance level below the.

- Second, for the AB leg, we have the 1.272 Expansion being the actual consolidation level of the chart is the actual consolidation level of the price

- Third, for the CD leg, we have the 0.786 level that matches with three precedent resistance peaks (at about 0.7848)
We are expecting a retest of those levels

- Finnally, once those levels tested, we expect the price to go until the 0.786 Fib level of the AD line

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