AUDUSD: New opportunities to rise
So, in my previous idea I wrote that the pair will go down, but this did not happen yet.
Also, wave structure has changed a little bit (I waited a fall with good acceleration) and does not look a like clear impulse. Therefore I reviewed my idea to change wave count to triangle pattern as a main scenario. If it so, then now the pair doing a wave X with next significant rise: my target now is 0.82 (wave (y) = 0.618 x wave (w)) and next 0.841 (wave (y) = wave (w))
What next? Wait and look. Both scenario is good, and for cancel one of it need to look how this pair will break a key levels:
a. 0.8029 (wave ((b)))- key level, which will indicate, that triangle perhaps has ended and the pair will rise again.
b. 0.7784 (wave ((a))) - key level, which will cancel triangle pattern and the pair will fall down in wave 3 with a target at least at 0.755 (wave 1 = wave 3)
NOTE: A triangel not easy to trade, because the structure may changes during the time. I will carefully watch at this pair and will post any changes in comments for this idea.
Also, wave structure has changed a little bit (I waited a fall with good acceleration) and does not look a like clear impulse. Therefore I reviewed my idea to change wave count to triangle pattern as a main scenario. If it so, then now the pair doing a wave X with next significant rise: my target now is 0.82 (wave (y) = 0.618 x wave (w)) and next 0.841 (wave (y) = wave (w))
What next? Wait and look. Both scenario is good, and for cancel one of it need to look how this pair will break a key levels:
a. 0.8029 (wave ((b)))- key level, which will indicate, that triangle perhaps has ended and the pair will rise again.
b. 0.7784 (wave ((a))) - key level, which will cancel triangle pattern and the pair will fall down in wave 3 with a target at least at 0.755 (wave 1 = wave 3)
NOTE: A triangel not easy to trade, because the structure may changes during the time. I will carefully watch at this pair and will post any changes in comments for this idea.
