We are still looking for a short opportunity on the AUDUSD as it seems to be trading within a WXY pattern.
Our short scenario is valid as long as the red line is not reached.
P.S: This content is for educational purposes and discussion.
Good luck.
Our short scenario is valid as long as the red line is not reached.
P.S: This content is for educational purposes and discussion.
Good luck.
Note
Note
The C wave seems to be unfolding to form an ending diagonal, so we changed our entry to be the low of wave 4.Note
We can see a contracting triangle as a 4th wave, we can say that we have C as 5 five waves impulse.We are already at an important zone for selling, our entry is optimized as shown below:
Good luck.
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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.
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.