AUDUSD Impending Corrective Structure

FX:AUDUSD   Australian Dollar / U.S. Dollar
21 0 1
D1 the shorter term daily trend line was broken and a pullback occurred not breaking the beginning of wave one. The second impulse wave has hit Daily and Weekly downtrend resistance and I am expecting a corrective structure that may be traded on a lower time frame IE 60.

I am not trading this move as I prefer to stay with the trend. Given the speed of the impulse wave the pullback may be smaller and stay within the channel forging its way upward.

Overall I am expecting a breakout of the D2 trend line , based on the weekly and monthly charts where there is a convergence of the monthly and Weekly trend lines .

This is my trade journal only!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out