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Impulsewave

(Daily) The start of wave 3 of 5 or the Bullish Bat // IF=THEN ®FX:AUDCAD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
Long
by Andre_Cardoso
AUDUSD Potential Elliott Wave third wave tradeElliott wave's principle is that the market moves in waves. In a mouvement, there is 5 waves or impulses. Here with AUDUSD, there is a clear double bottom reversal ending the bearish trend we were in for a few years. After the double bottom, we saw the first wave already completed and right now we are in the second wave, which is a corrective one. We should begin the third wave soon and right now AUDUSD is trading at the 50% fibonacci retracement, the 100 days moving average and the span B of ichimoku's kumo cloud. To me this looks like the perfect setup to trade the second wave, which is the institutional wave and the longest wave of the 5.
Long
by SimonBrisebois
1