AUDUSD: Double Zig-zag Could Be In The Cards

Discussion in 'Technical Analysis' started by Kaitlin, Mar 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    AUDUSD has recovered nearly 95pips in the last few sessions from 0.7478 area but only with three waves. We know that three wave patterns represents a correction, so we see a bounce as part within ongoing weakens that can be a double zigzag in wave 4) headed down to around 0.7400.[​IMG]

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