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TheTradersAvenue
Dec 6, 2022 7:34 AM

AUDUSD >Advanced Analysis for Buy Entry!! Long

AUD/USDOANDA

Description

Analysis of #AUDUSD

Hi traders, today we will have a look at #AUDUSD


The AUDUSD might be in corrective waves before resuming a move to the upside, while I am no expert in Elliott wave theory, I have some basic knowledge of the waves.

the market might continue correctly downward to complete the ABC correction wave, the best move would be if the market corrects to complete an equal move to the downside near 0.6600, which is Fib 1 Extension.

if the market drops further to my zone I will look for a reversal pattern on the lower time frame to get in a buy trade in anticipation of a further move to the upside

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
FOREXN1
Totally agree mate !
ProjectSyndicate
superb overview for position traders
Solldy
Extremely convenient design of the graph for perception. Deal with a good RRR, thanks for the idea)
UnknownUnicorn15614419
Pretty detailed analysis. Thank you for your work, colleague! Of course, I miss the candlestick analysis, taking into account the dynamics of volumes, but that would be too detailed)
AtlasTrades
Hi my friend! very accurate pattern on AUDUSD, Im agree
YMGroup
Logical chart ! I Like it, AUDUSD can give good profit
Michael_Winner
Interesting analysis buddy, I like your AUDUSD idea !
Gold-Tech
Nice one
TheTradersAvenue
@Gold-Tech, appreciate it, thanks.
RLinda
A potentially successful plan. Thanks for sharing)
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