Great chance to catch the 4th wave retrace for the move down to complete the 5th wave
We should build out 4th wave for a Flat on the C leg or dont be surprised for a truncated C if we dont break the Green trendline @ 7930
Fundamentals : Rates decision & Confirmation from Steven of further cuts to get The Aussie back to 72 DXY looks to have completed his retrace and will be looking for more highs 95+ which will support this trade
Even though we are in corrective it is the high side of a down trend ;)
T1 take off for 60 points (pay the rent)
T2 Roll the stops @ each pivot and see how low we can go ( look to 7820 as we complete another leg of the HTF triange)
* Please Note the aussie in renowned for STOP hunting and very wikky action .. wider stops to 7990 would reduce Market Makers taking you out :D
We should build out 4th wave for a Flat on the C leg or dont be surprised for a truncated C if we dont break the Green trendline @ 7930
Fundamentals : Rates decision & Confirmation from Steven of further cuts to get The Aussie back to 72 DXY looks to have completed his retrace and will be looking for more highs 95+ which will support this trade
Even though we are in corrective it is the high side of a down trend ;)
T1 take off for 60 points (pay the rent)
T2 Roll the stops @ each pivot and see how low we can go ( look to 7820 as we complete another leg of the HTF triange)
* Please Note the aussie in renowned for STOP hunting and very wikky action .. wider stops to 7990 would reduce Market Makers taking you out :D
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.