AUDUSD-nice corrective channel at 0.61 fib
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).
Follow me on Twitter for updates: @fxtrader2000
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).
Follow me on Twitter for updates: @fxtrader2000
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.