Hi there,
In this post I want to discuss AUDUSD monthly, daily charts.
AUDUSD made its first impulsive wave upwards.
Now the AUDUSD daily up trend line is broken (www.tradingview.com/x/rAdYAfZi/) this is confirming a start of a lower degree correction and the end of the impulsive wave 1.
As it is presented on the chart, AUDUSD starts its corrective wave ABC, and as of now it is printing its A wave.
Target price level for A wave is 0.68-0.71.
On the lower time frame we still can swing into a long trades, but we have to wait for a proper confirmation to enter a long position (www.tradingview.com/x/t1nDQIa1/).
In this post I want to discuss AUDUSD monthly, daily charts.
AUDUSD made its first impulsive wave upwards.
Now the AUDUSD daily up trend line is broken (www.tradingview.com/x/rAdYAfZi/) this is confirming a start of a lower degree correction and the end of the impulsive wave 1.
As it is presented on the chart, AUDUSD starts its corrective wave ABC, and as of now it is printing its A wave.
Target price level for A wave is 0.68-0.71.
On the lower time frame we still can swing into a long trades, but we have to wait for a proper confirmation to enter a long position (www.tradingview.com/x/t1nDQIa1/).
Comment:
0.74180 is the resistance level, if break, then next target level is 0.7475. Short term long.
