its_new_wave
Long

AUDUSD: New opportunities to rise

FX:AUDUSD   Australian Dollar/U.S. Dollar
So, in my previous idea I wrote that the pair will go down, but this did not happen yet.
Also, wave structure has changed a little bit (I waited a fall with good acceleration) and does not look a like clear impulse. Therefore I reviewed my idea to change wave count to triangle pattern as a main scenario. If it so, then now the pair doing a wave X with next significant rise: my target now is 0.82 (wave (y) = 0.618 x wave (w)) and next 0.841 (wave (y) = wave (w))

What next? Wait and look. Both scenario is good, and for cancel one of it need to look how this pair will break a key levels:
a. 0.8029 (wave ((b)))- key level, which will indicate, that triangle perhaps has ended and the pair will rise again.
b. 0.7784 (wave ((a))) - key level, which will cancel triangle pattern and the pair will fall down in wave 3 with a target at least at 0.755 (wave 1 = wave 3)

NOTE: A triangel not easy to trade, because the structure may changes during the time. I will carefully watch at this pair and will post any changes in comments for this idea.


Yes, it was a triangle. Now the pair do wave 3 of ((A)) of Y. I will wait the end of wave ((A)) in area 0.817-0.82. After wave ((B)) and ((C)) with target 0.828-0.83 and next up to 0.837-0.839
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out