AUDUSD - Buy towards 7400 after one more push lower

We are in last wave (v) of wave ((c)) of alt B.
Once this is in and we see divergence between wave 3 & 5 and we see price break outside the channel, we can look to buy.

Note

Good Risk Management is the key to success !
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Ranking system for my trades

Rank 0, 1, 2, 3

0 = risk the most, it's when all stars are aligned, the gods love us. (very rare)
2 = our everyday trade
3 = risk the least, it's our least confident trade but could have a nice ROI if goes well.

Do something like this.
0 = 5% to 1 = 2.5%, 2 = 1%, 3 = 0.5% of your equity.
Change the values as you wish but
I do not recommend risking more than 5%!

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Note

Beware, we might still be in wave (iv), meaning one more push lower.

Note

Even tho price went a bit too much sideways, I still believe we are in wave (iv)
We need to see one more push lower before thinking to buy.

ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !

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ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !

Also on: