AUDUSD - To buy or to sell?

FX:AUDUSD   Australischer Dollar/U.S. Dollar
At the beginning of this month on 4th July, we shared that AUDUSD (https://www.tradingview.com/chart/AUDUSD...) could be forming a 5-wave structure, and potentially reach 0.7740 area.

Today, we have seen a potential completion of the 5-wave structure with price meeting the minimum requirement ratio for the 5th wave.

While some traders may be tempted to start buying up AUDUSD right now, we would rather be patient and wait for a decent correction before longing the Aussie. Based on our wave analysis, we are now expecting price to face some selling pressure, potentially pushing price lower towards 0.7600 region. From there depending on how price develops, we will be looking for opportunities to accumulate Aussie for a longer term.

Nothing much from me on this pair now, but a simple wait-and-see approach.

P.S. This is just my 2-cents perspective on AUDUSD , so do trade according to your plan, and manage your risk.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden