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TheAnonymousBanker
Sep 11, 2017 10:50 AM

[AUDUSD] CONSOLIDATION? Long

Australian Dollar/U.S. DollarFXCM

Description

The trend remains bullish on intraday chart, and may not have completed the move. As we said during the Friday session (see chart below), we can not rule out a bullish wave (W5) before seeing a pullback. From a technical point of view, the next Asian session will give us further technical details.
If the pair is really still bullish, area around 0.80 should provide a good support in short term, let's see.

OUR SETUP AND ANALYSIS:
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REBOUND

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pullback in play...

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Comments
Forex_Society
AGREE
BGLion
Thanks for sharing your analysis! Do you have the same EW count on lower tf (1H or 30m)?
BGLion
here is my daily chart
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