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Short-term Buy Set-up
Australian Dollar / U.S. Dollar
Long
Short-term Buy Set-up
By wsbza
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Aug 31, 2018
6
Aug 31, 2018
It simply looks like a 3-waves correction (green a-b-c) after the initial impulsive rally (red wave 1 or a) .
The short -term bullish target could be re-test the red wave a high at 0.73818, the stop could be 1 pip below the previous low at 0.72025.
If we are lucky, this could be a wave 3 rally instead of c.
correction
Elliott Wave
impluse
Parallel Channel
Trend Analysis
Zigzag
wsbza
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
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