AUDUSD shorted again: AU starting wave 5 down ?
מעודכן
This is a follow up to my bigger picture shorting plan linked below.
Looks like we have finished an ABC to make for wave (4) correction.
Now looking for a 12345 structure to start the wave (5) down
This should be the final leg down before a reasonable correction upwards.
The bigger picture of this plan:
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Background:
I am a longer term AUD bear, anticipating a serious drop yet to come
Since then I have been looking for shorting opps such as this plan:
After some good news about the US-China Trade War, I was expecting a significant move up:
As the above impulse wave up was ending, the top came into focus for shorts
My last plan was to let wave 4 retrace (up) and then try to catch wave 5 down
So the current Idea is to fine tune the targets for wave 5 of 5
Looks like we have finished an ABC to make for wave (4) correction.
Now looking for a 12345 structure to start the wave (5) down
This should be the final leg down before a reasonable correction upwards.
The bigger picture of this plan:
.
.
.
Background:
I am a longer term AUD bear, anticipating a serious drop yet to come
Since then I have been looking for shorting opps such as this plan:
After some good news about the US-China Trade War, I was expecting a significant move up:
As the above impulse wave up was ending, the top came into focus for shorts
My last plan was to let wave 4 retrace (up) and then try to catch wave 5 down
So the current Idea is to fine tune the targets for wave 5 of 5
הערה
2 targets hit, thanks to FOMC rate hike. Will likely go to next zone yet 
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