AUDUSD LONG @ demand zone

Panjang

Dolar Australia / Dolar A.S. (FX:AUDUSD)

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FX:AUDUSD Dolar Australia / Dolar A.S.

waveanalysis trendanalysis supplyanddemand audusd audusdlong long long-term

We've broken above resistences (creating 5 waves up) and have now retraced, we are testing a strong demand zone the potential is great
the blue lines are the 2 targets. (ABC of previous move)

Elliot wave suggests a nice wave 3 is about to start!

Wait for a 1hr reversal candle to join.

Enjoy

Komen:

An bullish 1hr entry signal has not been given.
The lows of the 0 point have been violated.
This however does not invalidate the idea.
It invalidates the wave count and the demand zone.
I still expect a turn from the lows, and run to the blue lines.
We just have to wait for a bullish EUR & bearish DXY environment... which can be upon us by SUN/MON.

Penafian

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