AW Aussie Dollar Analysis - Impulsive Price Action Has Begun...
Price action is really starting to prove itself now on the back of my recent US Dollar analysis.
I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies.
The plan for this trade will be purely for Wave 3 price action.
The target will be the 2.618 extension of Wave 1 which is around 1.15.
It's definitely a big trade and one that takes confidence to see out to the end.
A good solid understanding of the waves is the reason I believe this Wave E can make it that far with only Wave 3 completed.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies.
The plan for this trade will be purely for Wave 3 price action.
The target will be the 2.618 extension of Wave 1 which is around 1.15.
It's definitely a big trade and one that takes confidence to see out to the end.
A good solid understanding of the waves is the reason I believe this Wave E can make it that far with only Wave 3 completed.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
