Pullback to $1.7I really hate this scenario, but it can happen before "the king comes back".
We have a triangle wave has been done at $2.26
Seem wave Y is happening to $1.77, why?
Because the next target after a triangle wave is a height of distance from wave A & B (red color). A distance is $0.44
Time will tell
Trieutv
A truncation is in the correction flat waveBased on the chart, I realized a truncation wave what is completed at 0.71728.
CAPITALCOM:AUDUSD is retracing to around 0.77834 (wave B), why?
Because, wave A is truncation that proved seller's weakness and wave B can retrace to 0.236 Fib to complete a flat wave.
Time will tell....