AUDUSD is playing under channel line

FX:AUDUSD   Australian Dollar / U.S. Dollar
2826 15
I am expecting bearish impulse and breakdown of ascending channel on daily.
Comment: Sell from top

Comment: It look like to me that price holding the weekly channel line but there is not impulsive breakdown which means this corrective top may extend corrective time period. If you are not in then look for sell on top if price come close to top again. Here is the update.

Comment: This is how structure works With perfect Accuracy. Here is the Update and also watch my AUDUSD analysis on Youtube.

Comment: Amazing structure analysis here is update.
Comment: Watching closely corrective wave breakdown coming soon. Here is update.

Comment: If price break up then i will look for top around 0. 78000. This could be a classical head and shoulder as well giving signal that we are on reversal from top.

Comment: Bigger trend is resumed.
price gave a head and shoulders but ideally a retracement back to the top would be a great sell as price is now in the bottom of the range. great analysis, great charts!
Thanks mate. There is not one head and shoulder mate there is series of head and shoulder on daily you can see complex head and shoulder.
what do u think about nzdusd? i shorted but i dont know how much i should hold?
+1 Reply
I dont know mate where did you sell and what are you targeting. If will see another sell setup i will post the update i am bearish on NZDUSD and waiting for pullback to enter more sell
TCMertC Wave-Trader
i got in at 0.72850 . but i dont wanna miss the big fall . so im planning to hold it for couple days. im expecting to fall to 0.70
+1 Reply
I have posted update on NZDUSD idea look at that it is very simple ya. Yes big fall will come its sure.
TCMertC Wave-Trader
yes i saw thank u man.
Thank you i hope this will help you mate.
Nice example. Thankyou
Cheers Boss!
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