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AUDUSD: An Alternate Wave (iv) Count & Scenario

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
387 2 9
In my previous post (see Related Ideas: "AUDUSD: Revised Wave Count + Wolfe Wave + POTENTIAL Bat :), I gave one possible scenario for the way this pair was unfolding its' wave (iv). What I wanted to do here is to offer up an alternative wave (iv) wave count and pattern. In this count, I have a 3-3-5 flat correction for wave (iv) ending at the completion of the bearish bat .

I actually favor this count more than the other one BUT really, it doesn't matter which one is correct as much as they both lead to the same conclusion: wave (iv) is ending soon and wave (v) will start.

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Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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what is your target on this pair?
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There is not any trade on this pair so therefore there is not any target.
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