AUDUSD Corrective wave ?
Anticipating a potential long move with the AUDUSD in the near future.
As noted by my Elliot Wave markings, this pair has completed a 5 wave impulsive move down to 0.61868. Potentially now in an ABC corrective move I am expecting price to reach 0.64167 with a bullish divergence in which I will start to look for potential long setup to ride the C Wave of the ABC .
I hope for price to hold nicely at fans with some sort of rejection candle to cement my long bias.
As noted by my Elliot Wave markings, this pair has completed a 5 wave impulsive move down to 0.61868. Potentially now in an ABC corrective move I am expecting price to reach 0.64167 with a bullish divergence in which I will start to look for potential long setup to ride the C Wave of the ABC .
I hope for price to hold nicely at fans with some sort of rejection candle to cement my long bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.