ElliottWavePro

AUDUSD - another bearish impulse

FX:AUDUSD   Australian Dollar / U.S. Dollar
M180. It’s possible that wave v of (iii) has been started. In this case, bears are going to deliver a new local low in the short term.

M30. Wave iv may have been ended in the form of a double zigzag. In this case, we’re going to see an impulse on an ending diagonal in wave v of (iii) soon. However, the price hasn’t reached the 38,2% retracement of wave iii, so the option to have a quite bigger wave iv is still on the table.

💪 ElliottWave Trader since 2004. More that 19 years of experience.

🇬🇧 t.me/Waveology
🪆 t.me/TraderIgnat
🦀 Crab News: t.me/infocrab (in Russian)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.