AUDUSD 4H Long Elliott Wave
- Market made Weekly pinbar with Wave 1
- Wave 2 retraced back to 89% Fib level
- From there Wave 1 of Wave 3 started some days ago
- Since then market was in a corrective channel, after an anticipated fakeout of the channel the next impulsive wave started
- Currently at the beginning of Wave 3 of Wave 3
- Price Action on 4H with Engulfing Pinbar
- Entry was made on lower TF, with tight SL (10pips)
This is no Investment advice, just educational Analysis. Every strategy should first be tested on a demo account!
Note
Note
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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.