FullTimeTrader
Long

AUDUSD-nice corrective channel at 0.61 fib

FX:AUDUSD   Australian Dollar/U.S. Dollar
2521 17 34
My long term bias is still long on this pair. My last attempt to long failed, i see now because the structure was not complete yet (we are all learning here).
The structure seems to be finished now, we have a nice corrective channel at the 0.61 fib retracement.
From the EW perspective i think this is a series of 1-2s.
Be carefull, today we have strong FOMC news, it depends on you to trade this setup before or after the news.
Best regards.

*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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Comment: Still alive!! although i will need to wait some days to see if this works. I will just stay aside and follow my plan. Regards.
Hie fulltimetrader, would like to know your expert views on the entry
Bullish bias audusd

Regards
Reply
Hello, i agree with your setup, well done. As traders we must decide to trade this before or after the news because sometimes the reaction to the news could be unexpected. Regards.
+1 Reply
agree! I have taken profit with my short position
+1 Reply
Nice analysis Fulltimetrader . i been following your charts
Reply
thanks, I am in too
Reply
On this one too, go ab=cd and also potential pattern. Good Luck
Reply
IvanLabrie PRO KevinSinghDhaliwal
Got a chart?
Reply
not the best pattern on 4 hr but so far this is the one i have and ab=cd is on 4 hr
snapshot
+1 Reply
Man we're in sync today:

snapshot
+1 Reply
FullTimeTrader IvanLabrie
Great! i should have listened to you when you observed the structure was not complete. Well, we learn from mistakes also.
Reply
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