AU long idea AUDUSD
Looking for a bounce.
Employment report was meh, little better than expected.
Not much reaction, but at least not negative.
I think AUD is due for a bounce, lets see.
Employment report was meh, little better than expected.
Not much reaction, but at least not negative.
I think AUD is due for a bounce, lets see.
Note
Off to a pretty good start, but not a very impressive wave 3 yet.Hoping to see a higher high today and hit that .7625 zone I have marked.
Of course it takes a while to turn a trend, but looking like a bottom at least (so far)
Note
Well it looks like Wave 3 finally came to fruition.Exactly WHERE expected (.618 retrace) but not WHEN it was expected.
Sometimes you just have to be patient I guess.
Now I am looking for a wave 4 retrace to re-enter long.
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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.