farid_ardavani

AUDUSD complex correction (triple combination)

FX:AUDUSD   Australian Dollar/U.S. Dollar
price acts as corrective structure and looks like a double combination or triple combination.
still there is no trade setup, we have to wait to see a clear structure.
There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal ) and green one is WXYXZ which is not finished yet; if the blue one is correct and wave Y is an ending diagonal , price have to move upside to the beginning of the ending diagonal at the same time of forming ending diagonal .
Note the divergence
Comment: maybe its forming an ending diagonal as wave Y, the last wave of correction.
We have to wait until the structure develops more for a clear trade setup.
I don't think price break the t-line, but if it breaks, I don't have long entry setup ( because i think this structure has not finished yet) until a correction and clear structure forms.
snapshot
Comment: this WXYXZ corrective pattern is at last stages and maybe crawl some pips to downside but eventually it will break to upside
snapshot
Comment: I'm still waiting for long setup.
snapshot
Comment:
snapshot
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