AUDUSD Bullishness is Not Over! Here's What To Expect

28 thg 9, 2016

The final move up toward the invalidation level will end in a 5 wave impulse UNLESS the wave count is incorrect. Here's what to expect in the next day or so. Judging by the bullish 5 wave structure, it looks as though we'll see a final zig-zag up toward target. However, there is still a possibility that this could become a symmetrical triangle. If that is the case, we will have a great long opportunity at triangle wave-E. Otherwise, I will be waiting for price to complete wave-Z and will enter a short position. The position will be excellent, as the stop will be up against invalidation and targets will be generous. Updates to come!