Elliott Wave Theory at AUD/USD
Usually i publish at lower time frames , but the higher the time frame the better . You know better your trend and it has more validation on supports and resistances, thats why i always take a look at the daily timeframes and take trades on smaller ones like 4h and 2h. Always have a look at the big picture. Always zoom out. So, as we see our pair its on a bearish trend for a year now . We exptect a break out as it finished its last wave from X to Z . ONLY if we see a break out on its trend then we might have some good long positions . Thats all dont have to analyse too much ,just only to have a look at the bigger picture . Remember the trend is our friend.
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.