TimStuyts
Short

AUDUSD according to plan, follow up

FX:AUDUSD   Australian Dollar / U.S. Dollar
274 0 8
For my previous post and context see link below:


Wave 4 corrected more than anticipated at first but the characteristics are pointing to a high to be in place. At least short term. What I mean by that is that either way I expect another leg lower after a consolidation. So I'll be waiting for a consolidation to sell the bearish continuation for either wave C or wave 3 lower. If price trails higher I simply let it go but I don't expect to see that today or tomorrow.

Updates will follow.

http://www.timstuyts.com

www. facebook             .com/timstuyts

https://www.youtube.com/watch?v=HvmWTm4fcl8
Comment:
AUDUSD seems like it is starting its correction after what I have counted as either wave 1 or A lower. I think that this consolidation might be setting up the next sell trade for FOMC this Wednesday. However it is too soon to tell but I like to see at least 3 waves higher. Keep in mind that we are in the early stages of this consolidation and the ABC wave count is indicative.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out