AUDUSD: 2 ways to go with good opportunities
My previous scenario broken today after breakthrough the top line of triangle.
Now I see another 2 main ways to move:
Main scenario
The rise from 0.7682 it is a wave b in extended flat correction.
The pair now have a few key point, which indicate to me that this rise have completed and why I have marked today hight as wave b:
a. RSI divergence
b. MACD divergence on H1 and H4 timeware (Don't show on this chart)
c. The price came to top line of parallel channel.
d. Wave count from 0.7682 (now it's looking like a double zigzag)
In this case, the pail will wait a drop to 0.7615 (wave c = 1.618 x a). Also this level approved by cycle analyse - on the 6th of May the button line of parallel channel.
Alternate scenario
My alternative count is a sequence one-two waves from 0.7682. It mean, that the pair will continue do wave 3 in two dimensions, breakthrough the support top line and go up with a significant acceleration.
Now I see another 2 main ways to move:
Main scenario
The rise from 0.7682 it is a wave b in extended flat correction.
The pair now have a few key point, which indicate to me that this rise have completed and why I have marked today hight as wave b:
a. RSI divergence
b. MACD divergence on H1 and H4 timeware (Don't show on this chart)
c. The price came to top line of parallel channel.
d. Wave count from 0.7682 (now it's looking like a double zigzag)
In this case, the pail will wait a drop to 0.7615 (wave c = 1.618 x a). Also this level approved by cycle analyse - on the 6th of May the button line of parallel channel.
Alternate scenario
My alternative count is a sequence one-two waves from 0.7682. It mean, that the pair will continue do wave 3 in two dimensions, breakthrough the support top line and go up with a significant acceleration.
