AUDUSD - Wave Revision - Wave 3 Just Getting Started
Check out the ULTIMATE AUSSIE DOLLAR ANALYSIS VIDEO below if you haven't seen it.
Firstly you need to understand that this is the first real impulsive move that the AUDUSD has ever seen.
What we are dealing with here is the very beginning of an extremely powerful impulsive move.
Green Wave 2 is expanded. The minor corrections of the wave iii of black wave 1 are expanded.
The trend is getting sharper as it progresses. This is only the beginning of a larger Wave I.
Remember the wave that just completed is an E Wave. By now you have seen the power of the V shaped recovery after E Waves.
Mentally visualize every aspect of the waves like your mind is a computer simulator and you will see what is ahead.
Up until now I have tracked every wave of this whole move in great detail and you should be long with a stop under 0.67741
A break above the top of the channel should confirm we are seeing a third of a third of a third price action.
I have linked related ideas below so you can see how we got here.
Please LIKE and FOLLOW to get notification of updates and future posts.
Firstly you need to understand that this is the first real impulsive move that the AUDUSD has ever seen.
What we are dealing with here is the very beginning of an extremely powerful impulsive move.
Green Wave 2 is expanded. The minor corrections of the wave iii of black wave 1 are expanded.
The trend is getting sharper as it progresses. This is only the beginning of a larger Wave I.
Remember the wave that just completed is an E Wave. By now you have seen the power of the V shaped recovery after E Waves.
Mentally visualize every aspect of the waves like your mind is a computer simulator and you will see what is ahead.
Up until now I have tracked every wave of this whole move in great detail and you should be long with a stop under 0.67741
A break above the top of the channel should confirm we are seeing a third of a third of a third price action.
I have linked related ideas below so you can see how we got here.
Please LIKE and FOLLOW to get notification of updates and future posts.
Order cancelled:
Due to weak price action in this pair I am removing this trade and will provide an update later.
I expect the C Wave in USD to continue higher.
It looks like it was a leading diagonal Wave 1 for Wave C same as the Euro.
I expect AUD to correct further at this point.
I expect the C Wave in USD to continue higher.
It looks like it was a leading diagonal Wave 1 for Wave C same as the Euro.
I expect AUD to correct further at this point.
