AUDCAD UPDATE - flat done, new lows next?
Updated
This is an update for my previous idea:
Even though the count was incorrect, we did get a decent bounce higher.
It looks like the bounce from .9150 lows was a wave C in a flat wave (X),
with a failed wave 5.
Now we should have started wave (Y) to take us below the .9000 mark.
As we stay below last weeks high, and more importantly, wave (X) high,
we should see new weekly lows in this pair over the coming mouths ahead.
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
Even though the count was incorrect, we did get a decent bounce higher.
It looks like the bounce from .9150 lows was a wave C in a flat wave (X),
with a failed wave 5.
Now we should have started wave (Y) to take us below the .9000 mark.
As we stay below last weeks high, and more importantly, wave (X) high,
we should see new weekly lows in this pair over the coming mouths ahead.
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
Trade closed: stop reached
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