KayJay

AUDUSD Probably in wave 2 (Short)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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4
Price is most probably still in a corrective pattern as the next move up will be a 3 or C wave which will exhibit some good volume however the lack of volume and also divergence in the price indicates that we might head down one more leg before continuing the uptrend.

Let see how this plays, Good Luck !
Disclaimer: This is only for informational purpose, people taking trades using this idea will be liable of their own loss

Comments

I agree with your downside targets although my count is a little different.
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I like your volume divergence analysis. Keep the good work up. Good luck! =)
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KayJay hirobo
Thanks :)
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