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BrianPenrod

Just a thought AUDUSD possible move to wave 5

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
BrianPenrod Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Technical Indicators Wave Analysis elliottwaveprojection Fibonacci Retracement elliotwaveanalysis USD
7
0
chartpattern indicator waveanalysis elliottwaveprojection fibonacciretracement elliotwaveanalysis usd
Just a thought.... Over sold on the Stochastic oscillator...price is appearing to bounce off the 38.2% retracement level from the prior wave 2 to 3 swing...price is hitting a prior support/resistance level and its matching my wave count!!! will look to go long once price breaks the 3 july high of .74218
Comment:
Bad thought....this looks more impulsive waves to the down side than a corrective move to wave 4....will adjust wave count
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