AUDCHF
We are in wave 'c' of 'Z' of triple correction in daily/weekly time frame
Within wave 'c' wave 1 & 2 seem to be have been completed with wave 2 of 'c' retracing upto 90% of wave 1 of 'c'.
It seems that wave 1 of wave 3 of 'c' has now finished with 5 waves within wave visible in 1 hour chart with divergence between 3 & 5. So wave 2 of wave 3 of 'c' is now starting which will retrace back to around 0.73-0.727 level i.e. 61.8% to 90% retracement.
Plan is to enter long in wave 3 of 3 of 'c'.
Entry point for long can be above wave 1 of 3 peak or more aggressively wave 2 of wave 3 of c can be decomposed into abc and long entry can be above peak of wave 'b' of wave 2 of wave 3 of 'c'.
Entry point: 0.736
SL: 0.724
TP1: 0.744
TP2: 0.7535
TP3: 0.769
TP4: 0.776
We are in wave 'c' of 'Z' of triple correction in daily/weekly time frame
Within wave 'c' wave 1 & 2 seem to be have been completed with wave 2 of 'c' retracing upto 90% of wave 1 of 'c'.
It seems that wave 1 of wave 3 of 'c' has now finished with 5 waves within wave visible in 1 hour chart with divergence between 3 & 5. So wave 2 of wave 3 of 'c' is now starting which will retrace back to around 0.73-0.727 level i.e. 61.8% to 90% retracement.
Plan is to enter long in wave 3 of 3 of 'c'.
Entry point for long can be above wave 1 of 3 peak or more aggressively wave 2 of wave 3 of c can be decomposed into abc and long entry can be above peak of wave 'b' of wave 2 of wave 3 of 'c'.
Entry point: 0.736
SL: 0.724
TP1: 0.744
TP2: 0.7535
TP3: 0.769
TP4: 0.776
