Dolar Australia / Dolar A.S.Panjang
AUDUSD Is Approaching a Reversal Zone
The structure of AUDUSD decline from Jan 2020 high has been unfolding as a textbook Elliot Wave five-wave impulse move, labeled (i)-(ii)-(iii)-(iv)-(v).
Wave (ii) was a sharp correction and wave (iv) unfolded as a triangle. A triangle always preceded the last move of a sequence.
The whole structure perfectly fits into a downtrend channel.
According to the theory, a three-wave correction follows every impulse move. If this count is correct, AUDUSD should find bottom within the blue zone that lined up with channel support and price should resume an advance in 3, 7 or 9 swing sequences.
Target above wave (iv) in red high is plausible for bulls, and the breach of the blue line will confirm the bullish setup.
What's your view on AUDUSD?
Wave (ii) was a sharp correction and wave (iv) unfolded as a triangle. A triangle always preceded the last move of a sequence.
The whole structure perfectly fits into a downtrend channel.
According to the theory, a three-wave correction follows every impulse move. If this count is correct, AUDUSD should find bottom within the blue zone that lined up with channel support and price should resume an advance in 3, 7 or 9 swing sequences.
Target above wave (iv) in red high is plausible for bulls, and the breach of the blue line will confirm the bullish setup.
What's your view on AUDUSD?
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.