Elliott Wave Theory at AUD/USD

23 Feb 2022

Usually i publish at lower time frames , but the higher the time frame the better . You know better your trend and it has more validation on supports and resistances, thats why i always take a look at the daily timeframes and take trades on smaller ones like 4h and 2h. Always have a look at the big picture. Always zoom out. So, as we see our pair its on a bearish trend for a year now . We exptect a break out as it finished its last wave from X to Z . ONLY if we see a break out on its trend then we might have some good long positions . Thats all dont have to analyse too much ,just only to have a look at the bigger picture . Remember the trend is our friend.