UPDATE#4: QUICK ANALYSIS: AUDUSD: Post-NFP

My last update on this pair prior to the NFP (see Related Ideas: "UPDATE#3: QUICK ANALYSIS: AUDUSD: Mapping The Retrace"), I noted that the wave (b) point could change and if it did, I would need to redraw the patterns. Well, during the craziness that is the NFP, that wave (b) did change. It went EXACTLY to where I suggested it could go prior to the NFP moving that (b) point! Coincidence that I had put it there prior to the NFP? Hmmmmm.......

Well anyway, I have now redrawn the patterns and most everything in that last post still applies. Except I also removed the AB=CD pattern because that no longer is valid. I'm still LONG on this pair and the NFP did nothig to change that. I'm still looking for a good opportunity to add to my LONGS.

If you need to be reminded of what I said in that last post, go take a look.....