Cordell_Breaux

Cordell_Breaux Updated 

Hello, I'm looking at a potential long opportunity off the daily AUD/USD. - Wave C of an ABC correction of the previous impulse is coming to and end and I project it wrapping up around the 0.75000 level (2.414 extension of AB). - Very strong trend-line that has been respected for almost 2 years and intersects at that same level. - Harmonic shark pattern that has...

Cordell_Breaux Updated 

Hello, Here's my rationale to go long - Wave C is projected to complete at 1.272 AB - .74265 level - A .618 correction of the impulse puts price at the .7400 level - There is also good previous structure around the .74115 level So there is a good confluence of fib levels that make up a nice 30 pip support zone for a potential reversal. We also saw a...

Cordell_Breaux

It looks like wave 2 of C is a rather complex combination. Ill be looking to take the short as the Y leg closes out somewhere around 1.31600. I'll pinpoint a more precise entry as the Y leg unfolds and approaches the top of the channel. I'm still learning and practicing wave counts so I've included this new chart as a learning exercise and would...

Cordell_Breaux

Currently in wave C of an expanded flat correcting the impulse move from ~1.2222 - ~1.3200 Projecting wave C to reach ~1.2630 which is a 127% extension of wave A and very close to what would be a 61.8% re-tracement of said impulse. I'm looking to take profit at where wave A ends (~1.279) and then follow it down to my final projection for wave C and close out the...