DislikedAUD/USD looks like it is attempting a bottoming process. Can somebody give me an EW count on higher time frames (H4 and above)? I would like to start selling it again around 0.95/0.96 area {image}Ignored
Hi PT,
find attached the desired count. My view now is, that we are certainly in a wave 4 action. Wave 2 retraced deep, so rule of alternation calls for sideways pattern.
I think think this will last for a few days/weeks.
Looking at the subwaves of the wave 4 now shows an ABC-flat (up), which may be finished, so I would expect the next move down.
In the chart you can spot the resistance shelf in the 95/96 area. I would like to see the price there - it would provide exceptional good shorting opportunity.
But maybe correction ends already in the 93/94 region.