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Friday, 10 May 2013

AUD/USD Daily Update

There is nothing wrong (yet) with my triangle wave 4 count on any timeframe but it seem that no upside breakout is in play yet. Please make Yourelf familiar with new count.

Long time ago anticipated wave (e) of wave 4 has been more complex than I thought and so far it looks like price wants to test lower Triangle formation of wave .

On Daily one can see more details of the count - so far we have two waves from wave D top and this is not the end of downside move but the price might have a go to test the SUPPLY area once again as a part of wave (iv).


Seb


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