Possibly the Australian dollar against the American dollar has a fall because it has 4 confirmations:
• Wyckoff Accumulation
• Butterfly harmonic pattern
• Rising wedge
• Reaction of an Order Block in 4h
The first three factors tend to reverse the trend or set the tone for a new trend, which in this case would be bearish apart from the fact that in elliot waves the rising wedge marks the end of a wave, whether it is "1", "5" or "C" wave.
Wait for it to reach the entry area
https://www.tradingview.com/x/FaJihDRA/
https://www.tradingview.com/chart/AUTOUSDT/ew4JEhTg-Japanese-candle-strength/
https://www.tradingview.com/chart/BTCUSD/bILaEx94-Patterns-of-possible-market-correction-or-reversal/
https://www.tradingview.com/chart/AUDUSD/jw4VaPTz-The-five-elliott-wave-structures/
• Wyckoff Accumulation
• Butterfly harmonic pattern
• Rising wedge
• Reaction of an Order Block in 4h
The first three factors tend to reverse the trend or set the tone for a new trend, which in this case would be bearish apart from the fact that in elliot waves the rising wedge marks the end of a wave, whether it is "1", "5" or "C" wave.
Wait for it to reach the entry area
https://www.tradingview.com/x/FaJihDRA/
https://www.tradingview.com/chart/AUTOUSDT/ew4JEhTg-Japanese-candle-strength/
https://www.tradingview.com/chart/BTCUSD/bILaEx94-Patterns-of-possible-market-correction-or-reversal/
https://www.tradingview.com/chart/AUDUSD/jw4VaPTz-The-five-elliott-wave-structures/
Trade active
Note
Break Even
Trade closed: target reached
TP1 🫡🤩
Trade closed: target reached
TP 3 SHESHHH
Note
My personal second entry
Edrul Alejandro.
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Related publications
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.
Edrul Alejandro.
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Related publications
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.