Impulsewave
AUD is setup for extended 5th waveI say this because wave 3 was short relative to wave one. It is possible to still be in wave 4, but considering how deep it went in one wave I think it will keep extending. If the dollar drops down, aud and NZD will continue uptrend, which is what looks like will happen.
NQ1! - NASDAQ - SHORT - H4 - H1NQ1! - NASDAQ - H4
SELL on the 1.272 Fibonacci Level @ 9265
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Entry: 9265 | Stoploss: 9365 | Takeprofit1: 8965 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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#AUDCHF - Short After Correction #ForexWith already being short, I am simply waiting for some sideways movement on a lot of the AUD pairs the beginning of next week.
If a corrective pattern does form and I get a reason to enter I will go short and bring my current positions stop loss to the same place my new one would be.
Any questions feel free to comment or drop me a message
#EURAUD - ShortI believe another big sell-off is inbound for EURAUD
Seems like the market is just correcting now before a further push to the downside.
there are different possible scenarios..
#1 we just break through from here.
#2 we have a third touch of the corrective structure, and then we move lower.
Will be interesting to see how it plays out.. either way I have my alarms set for that bottom trend line