FX:AUDUSD   Australian Dollar / U.S. Dollar
GOOD DAY TRADERS, AUDUSD HAS COMPLETED A ZIGZAG PATTERN AND WHAT WE ARE PRESENTLY GETTING IS EITHER AN ABC PATTERN SO TO GET A DOUBLE CORRECTION OR A NEW IMPLUSE WAVE. THE MAIN CONSIDERATION FOR ME IS WHAT PRICE WILL DO WHEN IT GETS TO THE TOP OF THE CHANNEL, IF WE GET A REVERSAL THEN PRICE MAY GIVE A DOUBLE CORRECTION BUT IF PRICE BREAKS ITS LIKELY A NEW IMPLUSE... AUD HAS A BIG MOVE COMING IF PRICE BREAKS OUT, PROBABLY THE MOVE AS STARTED, IF IT REVERSES AT THE TOP, ITS PROBABLY AFTER THE NEXT CORRECTION...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.