AUDUSD - Strong reaction off 70
The earlier model discussed in my previous model has yet to be eliminated , but what's actually printing out on the chart at present begs discussion and is discussed in this video.
The model discussed in the video implies 70 will not be broken and the bearish cycle is complete.
The move off the 70 level maybe a Leading Diagonal which when complete would be a larger degree Wave 1. If that is so then the retracement will be telling as a wave 3 would be the trade ! NOFOMO
The previous model in the previous video is also yet to be eliminated and NOFOMO is necessary if that is the correct model .
The model discussed in the video implies 70 will not be broken and the bearish cycle is complete.
The move off the 70 level maybe a Leading Diagonal which when complete would be a larger degree Wave 1. If that is so then the retracement will be telling as a wave 3 would be the trade ! NOFOMO
The previous model in the previous video is also yet to be eliminated and NOFOMO is necessary if that is the correct model .
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