after completing an ABC zigzag, we may see this pair soar targeting 1.0096 please, do your own analysis
we are in a correction. wave 3 hit 2.618 of wave 1 and price starts to fall . targets for wave 4 is 23.6 and 38.2 fibs. then price will continue to go upside. please do your own analysis
after forming a leading diagonal, the price is in rising channel and hit .618 fib. the next resistance will be .786 fib. to enter sell wait for breakout from the channel. stop loss should be above 1764. to take profits, wait for the price to go lower than the fifth wave of the diagonal then measure 1.00 extension of the wave 1(the diagonal) from high of wave...
we may see a correction after forming a leading diagonal
wave (2) may have ended or may end at 1.1858
this pair may go lower after forming expanding flat elliott wave pattern
next week will be red. this is the main scenario.sell after breakout of the channel.
buy entry at current price. stop and target on the chart.
Reasons to short this pair: 1-Major trendline. 2-78.6 fibo. 3-MACD bearish divergence.
My long term view on aud/usd.
for educational purposes only. your support is appreciated.