Get started
Veejahbee

Shorting AUDUSD Is Not Favorable From The Current Level

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Veejahbee  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis AUDUSD audusdshort audusdlong audusdsignal audusdsetup elliotwaveanalysis elliotwavecount elliotwavesharmonics
19
0
trendanalysis chartpattern waveanalysis audusd audusdshort audusdlong audusdsignal audusdsetup elliotwaveanalysis elliotwavecount elliotwavesharmonics
AUDUSD is approaching the completion of a five-wave pattern after breaking out of a major corrective structure.
Once a five-wave pattern is completed, a three-wave in opposite direction should follow according to Elliot Wave theory.

That's AUDUSD should find a bottom soon and at least we should see a three-wave move higher in the weeks ahead.
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.