URIFX

AUDUSD: Be careful to sell and waiting to buy

FX:AUDUSD   Australian Dollar / U.S. Dollar
wxy
293 12 5
wxy
I am looking for a bull rather than a bear for this pair just because we are in the correction. For whole waves count of the bull trend, price seems to form an WXY and we are on wave b of wave Y.
Trade active:
snapshot
Very nice Analysis, the same with Anil. Do you think can we enter long now?
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URIFX dexstriker27
Dear dexstriker27, I don't have much time to read the chart more detail right now to answer your question. For my first look, right now, I cannot interpret the current corrective structure, so waiting for more development in price action is my solution.

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Thank you very much...
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URIFX dexstriker27
AUDJPY likely to breakout and continue to go down.... Take a focus on this pair! Here is my previous idea:
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URIFX URIFX
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Great! thanks.
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I sold right after Sydney open on daily chart and saw my profit went from 30 pips to -28 pips now. Any thoughts on this?
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URIFX FXTrademate
Hi FxTrademate, I am too. My profit return zero @protective stop. I think it is a temporary fullback of small profit traders. A bull wave comes only when price breaks the the bear trendline of the current wave. If the current wave is wave 2, it could go deeply to the beginning of wave 1. However, I am staying out of this trade and wait for a buy opportunity.

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Nice..
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URIFX dexstriker27
Thanks
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