EightyNineWaves

AUDUSD May Present Small Trade or Correct Further

OANDA:AUDUSD   دولار أسترالي/ دولار أمريكي
Depending on how this structure develops, a quick trade opportunity might develop from 0.67290 to 0.67510. The low of 12-14-2023 may have already completed the correction of the prior day's high. The structure fits, but I don't like its size. Combined with my anticipation that NZDUSD is not done correcting, we could see AUDUSD pull back further as well. Doing so will only present a better trade setup as the correction more clearly finishes at a lower price.

In the meantime, I'm willing to take a quick trade up to 0.67510 (which would be the 161.8% projection of wave 1, if pair is in a Subminuette impulse) if price breaks the 12-13-2023 high.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.