Hello Traders, I am asked to up date the AUDUSD chart I posted a while ago, but would like to warn of the danger of picking tops and bottoms.
Remember no matter how accurate your analysis is (and I have not found any method of analysis to be more accurate than wave theory) you still have to let the chart prove you correct. That is why I train, yes TRAIN, my trader to have penitence and wait for the trade. We are waiting for a sell on AUDUSD but first it has to make a down impulse (this is the start of any wave ) then it will correct, this is the prof of continuation. Use a tested strategy to trade it . I hope this helps.
Trade with care
Thank you for your support.
Remember no matter how accurate your analysis is (and I have not found any method of analysis to be more accurate than wave theory) you still have to let the chart prove you correct. That is why I train, yes TRAIN, my trader to have penitence and wait for the trade. We are waiting for a sell on AUDUSD but first it has to make a down impulse (this is the start of any wave ) then it will correct, this is the prof of continuation. Use a tested strategy to trade it . I hope this helps.
Trade with care
Thank you for your support.
Note
60 min view.Note
This is why you wait for confirmation Note
Note
Ok Guys you are getting one of the golden rules I teach my traders "it's not over until it proves it's over" If you have seen any of my webinars you would know the basic structure of wave analysis - impulse correction impulse.
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Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
Related publications
Disclaimer
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YouTube: youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
Related publications
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.