W1 Were in a Z down with bullish divergence, There is no confirmation that Z down is over but in my opinion it's a bad idea to look for shorts on the lower timeframes when we are at a low with bullish divergence, it's only a matter of time before we get either the larger correction up or the reversal.
I'm only looking for buy's on the lower timeframes ultimately targeting the W1 50fib!
D1 Were at a low with bullish divergence, there is the possibility of either a running or expanding flat but either way we will get the D1 C up. Will it be a bearish flat for more downside or a reversal for a larger correction? No one know's that in advance and you don't need to know that in advanced to trade, you don't trade the D1 chart, you only need to know the possible structure and the direction of the next impulse on the higher timeframes and only trade that direction on the lower timeframes.
D1 Chart.
H1, Checkout my H1 idea AUDUSD H1 C Wave Up to get my perspective on the H1 timeframe.
Good luck and trade safe!
Because this is a longer term view I will update this idea with lower timeframe trade idea's as price plays out!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, share and hit the thumbs up now so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
I'm only looking for buy's on the lower timeframes ultimately targeting the W1 50fib!
D1 Were at a low with bullish divergence, there is the possibility of either a running or expanding flat but either way we will get the D1 C up. Will it be a bearish flat for more downside or a reversal for a larger correction? No one know's that in advance and you don't need to know that in advanced to trade, you don't trade the D1 chart, you only need to know the possible structure and the direction of the next impulse on the higher timeframes and only trade that direction on the lower timeframes.
D1 Chart.
H1, Checkout my H1 idea AUDUSD H1 C Wave Up to get my perspective on the H1 timeframe.
Good luck and trade safe!
Because this is a longer term view I will update this idea with lower timeframe trade idea's as price plays out!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, share and hit the thumbs up now so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
H1 Wave C Up idea, check it out to see whats happening on the lower timeframes thanks.
Comment:
M15 Buy The Next Impulse Up Idea, check it out to get up to speed on the lower timeframe thanks.
