AUDUSD - Downtrend has resumed - Going for new low - Great R/R!
We should be in the fourth wave of this 5 wave decline.
On the 15min TF we can count 5 waves down and are currently in this 3 waves correction which ideally should hold around the 0.60 zone.
A drop below wave a high of 5935, would increase the odds in our favor.
Invalidation is at 6074 but if price goes above the 78.6% retracement level, chances are high the count might be wrong.
On the 15min TF we can count 5 waves down and are currently in this 3 waves correction which ideally should hold around the 0.60 zone.
A drop below wave a high of 5935, would increase the odds in our favor.
Invalidation is at 6074 but if price goes above the 78.6% retracement level, chances are high the count might be wrong.
Note
Note that even if the 15min count gets invalidated, the bigger picture remains intact as long as price stays below 6435 !
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.