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tommyb35

TCS (Trend Correction Strategy) setup on AUDUSD

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
tommyb35  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Wave Analysis AB=CD Trend Analysis Fibonacci Inversion AUDUSD
4
0
waveanalysis abcdpattern trendanalysis fibonacciinversion audusd
although I don't count waves, this is a good example of the trend correction strategy that I use. This trade looks for the ABC correction in a trending market. The ABC usually completes at the 161.8 Fibonacci inversion of the retracement. Look for the market to fall off if it gets up to .7735.

As always, follow your plan.
Good luck and good trading
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