AUDCAD - is in a corrective wave structure at the moment

8 wrz 2016

AUDCAD 0.03% currently appears to be in a smaller corrective structure at moment. Wave "c" appears to have just completed and an impulse wave down from the upper trend line has begun starting wave "d". I am expecting a possible buy setup and the start of the wave "e"/completion of wave "d". Watch for the buy setup if the wave "d" is completed. Thanks for looking at my idea.

16 wrz 2016

Uwaga

Hello fellow traders... I just wanna update this idea. Keep in mind I am merely beginning to understand the art of trading the wave, but I am really enjoying it. I am sharing my ideas to perfect the craft, so I am maybe right or wrong, in my analysis, but I am always open to constructive criticism. I have an excellent teacher so as long as I practice, I know I will improve.
Now the idea... wave "d" of the corrective expanding triangle has completed, and it appears that wave "e" is now on the move up. If wave "e" completes, I will look for a short on the pair at the top of the pattern as the wave exits.

19 wrz 2016

Uwaga

Wave "e" progressing to channel upper trendline. Sell setup is approaching ever closer.

20 wrz 2016

Uwaga

Wave has made it's way to the upper trendline, and a trend reversal is close. Sell setup is very close. Use your own strategies for profit, if you take the setup. Thanks for looking at this idea.