Having worked through a Gann course at the week end I have a couple of price and time targets put forward for the AUDUSD 1.00835 is the .786 retrace of the move down, using price time calculations I come up with three turn time from the last swing, these being 50,65,71 hours, I also projected up the 100% and 110% of the first swing, these give the price targets of .99977 and 1.00158, once we clear 0.99125 these are the levels I will be looking at when the time period is reached, if we reach the price levels before the time is up the levels are not important.
This assumes the top of the AUDUSD is in and this is in effect a correction against the trend before a further decline.
A move above .886 of the last swing would possibly mean the top is not in yet.
All the best and good luck
Mike Haran
This assumes the top of the AUDUSD is in and this is in effect a correction against the trend before a further decline.
A move above .886 of the last swing would possibly mean the top is not in yet.
All the best and good luck
Mike Haran
