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ENDING DIAGONAL IN AUDUSD - 4H CHART

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Dollar Australia / Dollar AS (FX_IDC:AUDUSD)  
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FX_IDC:AUDUSD   Dollar Australia / Dollar AS
AUDUSD audusdshort audusdforecast wavetheory Wave Analysis Ending Diagonal palmtraders 5thwave shortterm
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audusd audusdshort audusdforecast wavetheory waveanalysis endingdiagonal palmtraders 5thwave shortterm
Hey guys,

Here's a perfect chance to make some pips on a short position.

5th wave extension turned into an ending diagonal.

I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave.

Carlos
Komentar:
It's done it, one up and one down, but no break. If you entered the trade from the top then put stoploss to brake even
Komentar:
Finally a break, and it is making a flag, you can sell it again!
Komentar:
Likely to go down but we are on brake even since today just in case.
Komentar:
It is moving slow, probably cause we are having a Leading Diagonal, instead of an Ending Diagonal. We are on brake even so we aren't bothered about it; however, we start to have chances to get an up move, let's see what happens!
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