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ccerezo11

ENDING DIAGONAL IN AUDUSD - 4H CHART

Short
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
ccerezo11 Updated   
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdshort audusdforecast wavetheory Wave Analysis Ending Diagonal palmtraders 5thwave shortterm
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audusd audusdshort audusdforecast wavetheory waveanalysis endingdiagonal palmtraders 5thwave shortterm
Hey guys,

Here's a perfect chance to make some pips on a short position.

5th wave extension turned into an ending diagonal.

I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave.

Carlos
Comment:
It's done it, one up and one down, but no break. If you entered the trade from the top then put stoploss to brake even
Comment:
Finally a break, and it is making a flag, you can sell it again!
Comment:
Likely to go down but we are on brake even since today just in case.
Comment:
It is moving slow, probably cause we are having a Leading Diagonal, instead of an Ending Diagonal. We are on brake even so we aren't bothered about it; however, we start to have chances to get an up move, let's see what happens!
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