AUDUSD 4 Hour Wave Count and Analysis (No Setup)
Trade Journal Entry
AUDUSD for now appears to be held by daily and weekly resistance trend line. On the 4 hour there appears to be a five wave count, a strong trend with extensions in wave 1, 3 and 5.
There is a solid A, B, C wave.
Looking forward to seeing if the daily trend-line resistance holds and we see a continuance down, or a more complex corrective structure. Third option a break and further upward momentum although fundamentally I am unsure what would catalyze that bullish strength.
This is for my trade journal only feel free to comment
Happy and Safe Trading
AUDUSD for now appears to be held by daily and weekly resistance trend line. On the 4 hour there appears to be a five wave count, a strong trend with extensions in wave 1, 3 and 5.
There is a solid A, B, C wave.
Looking forward to seeing if the daily trend-line resistance holds and we see a continuance down, or a more complex corrective structure. Third option a break and further upward momentum although fundamentally I am unsure what would catalyze that bullish strength.
This is for my trade journal only feel free to comment
Happy and Safe Trading
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.