AUDUSD - Weekly outlook - thesis and counter thesis 1/4-5/4
It looks like we have completed 5 waves up, and now we should get a 3 wave correction.
A-B-C correction should reach at least 1.0370, where we have an important area (1.0370/40)
which will deiced the trend.
On monday we have the very important RBA rate decision, which can provide good entrys.
Trading ideas:
Sell at 1.0450, TP1: 1.0370 TP2: 1.0280 TP3: 1.0180 SL:1.0500
Buy at 1.0370 TP1: 1.0450 TP2: 1.0500 TP3: 1.0580 SL: 1.0330
Sell at 1.0330 TP1: 1.0280 TP2: 1.0180 TP3: 1.0000 SL: 1.0380
Good luck!
A-B-C correction should reach at least 1.0370, where we have an important area (1.0370/40)
which will deiced the trend.
On monday we have the very important RBA rate decision, which can provide good entrys.
Trading ideas:
Sell at 1.0450, TP1: 1.0370 TP2: 1.0280 TP3: 1.0180 SL:1.0500
Buy at 1.0370 TP1: 1.0450 TP2: 1.0500 TP3: 1.0580 SL: 1.0330
Sell at 1.0330 TP1: 1.0280 TP2: 1.0180 TP3: 1.0000 SL: 1.0380
Good luck!