cashmachine01

AUDUSD 4 Hour Wave Count and Analysis (No Setup)

FX:AUDUSD   Australian Dollar/U.S. Dollar
Trade Journal Entry

AUDUSD             for now appears to be held by daily and weekly resistance trend line. On the 4 hour there appears to be a five wave count, a strong trend with extensions in wave 1, 3 and 5.
There is a solid A, B, C wave.

Looking forward to seeing if the daily trend-line resistance holds and we see a continuance down, or a more complex corrective structure. Third option a break and further upward momentum although fundamentally I am unsure what would catalyze that bullish strength.

This is for my trade journal only feel free to comment

Happy and Safe Trading

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