AUDCAD - is in a corrective wave structure at the moment
Updated
AUDCAD 0.03% currently appears to be in a smaller corrective structure at moment. Wave "c" appears to have just completed and an impulse wave down from the upper trend line has begun starting wave "d". I am expecting a possible buy setup and the start of the wave "e"/completion of wave "d". Watch for the buy setup if the wave "d" is completed. Thanks for looking at my idea.
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Hello fellow traders... I just wanna update this idea. Keep in mind I am merely beginning to understand the art of trading the wave, but I am really enjoying it. I am sharing my ideas to perfect the craft, so I am maybe right or wrong, in my analysis, but I am always open to constructive criticism. I have an excellent teacher so as long as I practice, I know I will improve. Now the idea... wave "d" of the corrective expanding triangle has completed, and it appears that wave "e" is now on the move up. If wave "e" completes, I will look for a short on the pair at the top of the pattern as the wave exits.
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Wave "e" progressing to channel upper trendline. Sell setup is approaching ever closer. Note
Wave has made it's way to the upper trendline, and a trend reversal is close. Sell setup is very close. Use your own strategies for profit, if you take the setup. Thanks for looking at this idea.
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