Key Rising Trendline, Bottom of Falling Channel, Crab Pattern

AUDUSD H4, Key Rising Trendline Overlaps Bottom of Channel

The price has fallen to the bottom of its falling trend channel, which overlapped with a key rising trendline, signaling for a probable rebound.
AUDUSD H1, Crab Final Leg Formed at FR127.2%

The price has rebounded but failed to gain further from the bottom of the falling trend channel.
The retracement from the rebound extended beyond its swing low and formed a crab pattern that suggested for a more significant rebound.
AUDUSD M15, Fibonacci Retracement for Take Profit

Based on Fibonacci Retracement and accordingly to the theory of the crab pattern, the key take profit levels are FR61.8% and FR127.2%.

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