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wave_pattern_trader
Oct 11, 2020 3:32 PM

AUDUSD_WAVE_PATTERN_ANALYSIS  

Australian Dollar/U.S. DollarFXCM

Description

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...
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