Get started
james_007

AUDUSD LONG @ demand zone

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
james_007 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Wave Analysis Trend Analysis Supply and Demand AUDUSD audusdlong LONG long-term
3
0
waveanalysis trendanalysis supplyanddemand audusd audusdlong long long-term
We've broken above resistences (creating 5 waves up) and have now retraced, we are testing a strong demand zone the potential is great
the blue lines are the 2 targets. (ABC of previous move)

Elliot wave suggests a nice wave 3 is about to start!

Wait for a 1hr reversal candle to join.

Enjoy
Comment:
An bullish 1hr entry signal has not been given.
The lows of the 0 point have been violated.
This however does not invalidate the idea.
It invalidates the wave count and the demand zone.
I still expect a turn from the lows, and run to the blue lines.
We just have to wait for a bullish EUR & bearish DXY environment... which can be upon us by SUN/MON.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.