AUDUSD: An Alternate Wave (iv) Count & Scenario

380 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.

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!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
For those wanting it, the FREE WEEK offer is still planned. Interested? Please PM me. Do you want my FULL charts? Twice a day market updates? Trade Alerts? FULL analysis? And MORE? Click here to join: http://bit.ly/29x4bfM
2 years ago
what is your target on this pair?
EverythingForex PRO fxnoob1985
2 years ago
There is not any trade on this pair so therefore there is not any target.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out