AUDUSD trading near to the channel support, As per wave analysis B wave is going to complete. I am looking for wave C upside with target of 0.6835.
ENTRY & EXIT SIGNALS
LONG @ 0.6710 -- SL -- 0.6650 -- TP @ 0.6835
Audusd has a complex corrective structure in which market is moving towards to Z wave. Taking any long position above the price of 0.8130 is very risky. Be aware !
Currently looking for a flag correction which is almost developed.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
AUDUSD was on clear down trend from last week but today it got a firm support from fibo 50 % and support 61 of weekly pivot. If you see previous chart it has bounced from the same price 3 times in a row before breaking it
in the current scenario if price breaks lower than 50%fibo the firs target be 0.7297 and 0.7214
in alternate situation a bounce above the...