A Vacation Trade ???

FX:AUDUSD   Australian Dollar/U.S. Dollar
117 6 2
As of this posting I'm long @ .9250 taking advantage
of traderWgun's great analysis.
Update: Wave C or W?

Looking down the road
there could be an extended Shark since Pt C only tapped the
1.13 fib ext and the A to B
ratio is above the .382, but, it's not above the .500 which is my
preference for an extended Shark .
SO, will it make it to the top of recent highs again ?
Sometimes that's how a trend change might occur.
That sure makes the risk easy to define.
Which will it be ? The .886 or the 1.13 ?
Something to watch when I'm officially goofing off/vacationing.
This week I've only been "unofficially" goofing off ~~~~~
2 years ago
what you think about this
dojitrader khmamed
2 years ago
If I understand what you're asking I would consider the green 5 waves as an A wave
with a 3 wave B followed by another 5 wave C wave which would be a complete
zig zag of 5-3-5 subdivision of an A - B - C
So, I would expect the gold 4th wave to show B wave down to .9360/75
followed by a 5 wave C wave that would complete around .9360/80
That would be the point that the Gold 5th wave you're showing
would resume the down trend.
That's what I think so keep score for me and let me know how I did ?
Wishing you lots of pips in your pocket !!!!!
dojitrader dojitrader
2 years ago
AW !!! The B wave should be about .9260/75
not .93
khmamed dojitrader
2 years ago
hi dojitrader i don t understand what b wave you talk the rule must be A=D and C is the longest wave. and as you see we have rsi divergence.
in your chart we have strong resistance that can not break so easy
khmamed khmamed
2 years ago
weekly chart
dojitrader khmamed
2 years ago
Sorry, but, I'm completely lost as to what you're
asking. Maybe another time, another chart.
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