AUDUSD : Price In A Complex Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD has turned up recently, into wave C trading towards 0.7300 area. But despite very strong recovery we are still observing idea of a triangle in wave 4) because of corrective personality up from 0.7000. If we are correct, then current gains should be limited near 61.8% Fibonacci for wave A, where pair will be expected to turn back down for wave D. AUDUSD, 4H A Triangle is a common 5 wave pattern labeled A-B-C-D-E that moves counter-trend and is corrective in nature. Triangles move within

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