AUDUSD potential short term bullish bounce | 18th Nov 2021
On the H4, we can see that price abiding to the ascending channel on the daily and descending trendline on the H4. We can expect price to make a bounce from pivot in line with 78.6% Fibonacci projection , 78.6% Fibonacci retracement and ascending channel support towards the take profit level in line with 61.8 Fibonacci projection and 50% FIbonacci retracement . Our bullish bias is further supported by stochastic indicator where the %K line is at the support level awaiting for a bounce
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