TAS
Long

AUDUSD ended triangle correction, now on the way up

FX:AUDUSD   Australian Dollar/U.S. Dollar
440 15 22
I was looking at a triangle correction that seems to have finished, wave 1 up completed and wave 2 aldo probably complete. Looking to trade wave 3 and 5 of 1
Comment: great move after the bottom
Quick question: Is the structure on weekly a flag/correction so we should see a movement towards the downside later?
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TAS DennisPTran07
Hi, yes, these impulses look to be a major correction. This would be my daily chart, is this you have?
snapshot
share if you want
+1 Reply
Yeah that's exactly what I have!! :D
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Good call TAS. I scalped this pair overnight n during the day to end the week off of the daily support.Easy money.Then I opened a long b4 the market closed n left position open. Think ur analysis is perfect. Elliott
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TAS Elliott Moore
Thank you so much Elliott, kinds words :) trade safe :)
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Hi! thanks so much for sharing these ideas! have a question on AUDUSD. why do you think it's not a wave 5 down?
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AntMybuck AntMybuck
don't know how to publish my chart here.. I meant Daily move down from 1.0500
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TAS AntMybuck
you publish on the blue button at the bottom, then copy the link and paste here
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AUDUSD going down?
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TAS AntMybuck
Thanks for the chart. This could also be. What I'm looking at is after your wave 3 (same as mine) we have a wave A, the a triangle B and a wave C missing. My up move is that C that's missing, then I agree we are on a wave 5. But both could happen.
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interesting! thanks for explaining this. may I ask what's your favourite book/site for better waves understanding?
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TAS AntMybuck
AUDUSD updated chart with all the correction
Something like this. I know of no site. Books, I've read the Robert Prechter ones, Robert Balan, and severall others. I don't use only wave count on my charts, but I clean them up because then they would have many lines and nobody would find them helpfull.
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thanks again. I also hate all that noise from indicators. but what's hard with waves for me is that there are a lot of uncertainities (like that one with AUDUSD). i wish I could read all this much better
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Thanks now I know this )
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TAS AntMybuck
wave 2 should end on a 5 wave down on a lower timeframe. Show your chart so I can see what you see.
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