AUDUSD - Let's Try This Again. E Waves Are Tricky
Remind yourself where we are, see my related idea.
OK so got no where near the magenta line on the last idea in fact it rallied nicely.
If I didn't know any better I would say the AUDUSD is feeling nostalgic and it is going back to visit the 70cent area.
The measurement of expected Blue Wave 5 is the same length as Blue Wave 1.
E Waves are tricky because not only are they corrective but they are a fake out waves and also the last move in a correction.
Once we pin this one then we will see some impulsive action again. All I can say is that it's been a while.
Staying neutral for now until 70cents.
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OK so got no where near the magenta line on the last idea in fact it rallied nicely.
If I didn't know any better I would say the AUDUSD is feeling nostalgic and it is going back to visit the 70cent area.
The measurement of expected Blue Wave 5 is the same length as Blue Wave 1.
E Waves are tricky because not only are they corrective but they are a fake out waves and also the last move in a correction.
Once we pin this one then we will see some impulsive action again. All I can say is that it's been a while.
Staying neutral for now until 70cents.
Please LIKE and FOLLOW to get notification of updates and future posts.
