its_new_wave

AUDUSD: 2 ways to go with good opportunities

FX:AUDUSD   Australian Dollar/U.S. Dollar
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.
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