AUDUSD Idea, NOT a signal!
Please let me know your thoughts on this one. I like the look of a long on AUDUSD here but I am aware of my bearish NZDUSD bias.
So you can see a longer term trendline (thicker line) cutting through the chart and sitting just above price currently. We have an upwards trendline acting as support here and I have highlighted a recent resistance area which is also acting as support here.
Now I know I've put Elliot Wave on here... The 4th wave pulls back more than I would like for a true Elliot Wave but could there be a 3rd impulse wave coming!
So you can see a longer term trendline (thicker line) cutting through the chart and sitting just above price currently. We have an upwards trendline acting as support here and I have highlighted a recent resistance area which is also acting as support here.
Now I know I've put Elliot Wave on here... The 4th wave pulls back more than I would like for a true Elliot Wave but could there be a 3rd impulse wave coming!
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