AUDSD DAILY
1. Daily trend bias based on the 8/13 EMA is short
2. Last retracement zone at 0.5 qualifying for this to be identified as a wave 2 Daily timeframe
3.Economic news that may affect this trade is
*Fed's Chair Powell speech on Wednesday 14/5/2021 and Australia's employment numbers on Thursday 15/4/2021
4. Extension zone 1.272 was hit
Hourly
Pattern is a 3 wave move
1. Previous move completed is A hourly with 5 micro sub waves.
2. Current move at B hourly
Sub waves A was completed, so was B 3 wave move to a retracement zone of 0.5
15 MINUTE
***Wave to trade is sub waves of C micro--Wave 1 is completed awaiting retracement 2 AT 0.618 AS ENTRY 1.
1. Daily trend bias based on the 8/13 EMA is short
2. Last retracement zone at 0.5 qualifying for this to be identified as a wave 2 Daily timeframe
3.Economic news that may affect this trade is
*Fed's Chair Powell speech on Wednesday 14/5/2021 and Australia's employment numbers on Thursday 15/4/2021
4. Extension zone 1.272 was hit
Hourly
Pattern is a 3 wave move
1. Previous move completed is A hourly with 5 micro sub waves.
2. Current move at B hourly
Sub waves A was completed, so was B 3 wave move to a retracement zone of 0.5
15 MINUTE
***Wave to trade is sub waves of C micro--Wave 1 is completed awaiting retracement 2 AT 0.618 AS ENTRY 1.
Trade closed: stop reached
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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.