AUDUSD LONG @ demand zone
Updated
We've broken above resistences (creating 5 waves up) and have now retraced, we are testing a strong demand zone the potential is great
the blue lines are the 2 targets. (ABC of previous move)
Elliot wave suggests a nice wave 3 is about to start!
Wait for a 1hr reversal candle to join.
Enjoy
the blue lines are the 2 targets. (ABC of previous move)
Elliot wave suggests a nice wave 3 is about to start!
Wait for a 1hr reversal candle to join.
Enjoy
Comment
An bullish 1hr entry signal has not been given.The lows of the 0 point have been violated.
This however does not invalidate the idea.
It invalidates the wave count and the demand zone.
I still expect a turn from the lows, and run to the blue lines.
We just have to wait for a bullish EUR & bearish DXY environment... which can be upon us by SUN/MON.
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