AUDUSD ANALYSIS
- Seems like we are in progress of Wave 3 of Wave C Intermediate?
- EMAs 8 and 34 period, have not yet crossed, if the cross occurs between 8 and 34 Period EMA then the trend 'may' have reversed, otherwise, it looks like LONG until at least 0.76350 range ?
- At the time of analysis, it seems like a Fibonacci is occurring so I'll try to jump in on the trade at around 0.75200 and go long. My stop will be placed at 0.74880. If the price point breaches 0.74880 it will mean that the count is wrong?
- Seems like we are in progress of Wave 3 of Wave C Intermediate?
- EMAs 8 and 34 period, have not yet crossed, if the cross occurs between 8 and 34 Period EMA then the trend 'may' have reversed, otherwise, it looks like LONG until at least 0.76350 range ?
- At the time of analysis, it seems like a Fibonacci is occurring so I'll try to jump in on the trade at around 0.75200 and go long. My stop will be placed at 0.74880. If the price point breaches 0.74880 it will mean that the count is wrong?