Currently the price has been near the strong Resistance zone and Resistance level from high 2018 and when look at the price action the behavior is stong Up trend (strong momentum) . From my view i expect the Zone will held the price and push back down once and then it will break the zone .
From my wave count the AUDUSD has become a new impulsive and the is in the process of ii wave(minute) of 3 wave(Minor) so i expect 3 scenario .
1.The price go down to become Expanding Flat for finish ii wave. in that case find Buy opportunity about Fibonacci retacement 50% + Zone trenline
2.If the price go up it mean the ii wave is Running Flat . so in that case waitting the price in zone of Resistance level and find Sell opportunity.
3.From scene 2 another option is wait the price break out and pull back for Buy opportunity.
Warnning : This trade plan purpose for share my view and discussion not a signal and it could go wrong by the market. I'm still learnning and practice if it has some point that i wrong please give me some advice.
From my wave count the AUDUSD has become a new impulsive and the is in the process of ii wave(minute) of 3 wave(Minor) so i expect 3 scenario .
1.The price go down to become Expanding Flat for finish ii wave. in that case find Buy opportunity about Fibonacci retacement 50% + Zone trenline
2.If the price go up it mean the ii wave is Running Flat . so in that case waitting the price in zone of Resistance level and find Sell opportunity.
3.From scene 2 another option is wait the price break out and pull back for Buy opportunity.
Warnning : This trade plan purpose for share my view and discussion not a signal and it could go wrong by the market. I'm still learnning and practice if it has some point that i wrong please give me some advice.
Trade active:
Update my wave count
Trade active:
Waitting opportunity buy from C wave of B wave.
Trade closed: stop reached:
Trade hit stoploss so waitting price confirmation to the up side. waitting price reach 0.75415 level and see opportunity for upside.
Trade active:
Now the price in the process wave B (minuete) of B wave minor.
So my plan is waitting end of B wave at fib level 61.8% for buy opportunity.
So my plan is waitting end of B wave at fib level 61.8% for buy opportunity.
Trade closed: target reached: