AUDUSD unfolding in a WXY pattern.
Fibonacci relations within the completed double ABC pattern, suggest a larger WXY is unfolding. In this case targets for the Y would be the 0.618, 1.0 or 1.236 extensions. Could be further but not beyond 1.618.
Trade active
The trade begins to gain traction. With a close below the 6 AMA (green MA) look for prices to extend rapidly towards the 7427 areaTrade closed: target reached
Trade closed. A perfect hit.
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