Audusdsetup
AUDUSD LONG -FULL WAVE COUNTHere is my full wave count on AUDUSD. Wave (5) in the current main wave with another five sub wave in it.
In the sub wave, wave 3 is currently active.
The five wave (sub) of wave five becomes invalid only if price settles below 0.65123.
Please leave a like if you agree with this setup.
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#AUDUSD SHORT.. On AUDUSD 4-hour chart, we see double top formation. T3 curve and simple moving averages (ma10 and ma20) have turned their directions down.. I expect a structure as I mentioned in the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
AUDUSD SHORTThere is a clear break and retest out of the ascending channel. This is a great signal for calling shorts on aussie.
See my previous long idea about AUDUSD here
and here
Please leave a like and let me know what you think in the comments section below.
Disclaimer: This is only an idea and should not be taken as a trading signal.
AUDUSD Is Approaching a Reversal ZoneThe structure of AUDUSD decline from Jan 2020 high has been unfolding as a textbook Elliot Wave five-wave impulse move, labeled (i)-(ii)-(iii)-(iv)-(v).
Wave (ii) was a sharp correction and wave (iv) unfolded as a triangle. A triangle always preceded the last move of a sequence.
The whole structure perfectly fits into a downtrend channel.
According to the theory, a three-wave correction follows every impulse move. If this count is correct, AUDUSD should find bottom within the blue zone that lined up with channel support and price should resume an advance in 3, 7 or 9 swing sequences.
Target above wave (iv) in red high is plausible for bulls, and the breach of the blue line will confirm the bullish setup.
What's your view on AUDUSD?