AUDUSD still in the corrective structure.

5 Ogo 2016

Hello Traders, I am asked to up date the AUDUSD chart I posted a while ago, but would like to warn of the danger of picking tops and bottoms.
Remember no matter how accurate your analysis is (and I have not found any method of analysis to be more accurate than wave theory) you still have to let the chart prove you correct. That is why I train, yes TRAIN, my trader to have penitence and wait for the trade. We are waiting for a sell on AUDUSD but first it has to make a down impulse (this is the start of any wave ) then it will correct, this is the prof of continuation. Use a tested strategy to trade it . I hope this helps.



Trade with care
Thank you for your support.

5 Ogo 2016

Nota

60 min view.

8 Ogo 2016

Nota

This is why you wait for confirmation

8 Ogo 2016

Nota

9 Ogo 2016

Nota

Ok Guys you are getting one of the golden rules I teach my traders "it's not over until it proves it's over" If you have seen any of my webinars you would know the basic structure of wave analysis - impulse correction impulse.