Are We Entering Wave 3 of 5? - Bull Flag Pending
Hello Traders,
Firstly, we can see a nice bull flag structure shaping up here on the AUDJPY and the AUDUSD. The EURAUD also looks like a potential SELL opportunity.
We can see a nice 5 wave structure higher followed by an ABC correction, this suggests we could be entering the next wave, which will be wave 3 of 5.
Are we entering a final push higher before a larger correction across risk assets?
Let us know your thoughts or comments below.
Firstly, we can see a nice bull flag structure shaping up here on the AUDJPY and the AUDUSD. The EURAUD also looks like a potential SELL opportunity.
We can see a nice 5 wave structure higher followed by an ABC correction, this suggests we could be entering the next wave, which will be wave 3 of 5.
Are we entering a final push higher before a larger correction across risk assets?
Let us know your thoughts or comments below.
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.