Due to an interest in the potential bullish price action in the Aussie dollar I thought it would be a good idea to analyze this chart at the smaller degree.
If this analysis is accurate, then we should see the US Dollar fall from current levels.
This will likely also pull crypto prices higher: eventually.
Of course, we are dealing with probabilities anytime we analyze a chart, but I also did the same in 2020 when the DXY was declining.
The same concepts apply here but this time the waves are easier to read due to the same type of 5-wave move expected in the EURUSD.
If you don't know what I mean by that I will link the "examining the correlations" video down below along with the latest Aussie Dollar idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
If this analysis is accurate, then we should see the US Dollar fall from current levels.
This will likely also pull crypto prices higher: eventually.
Of course, we are dealing with probabilities anytime we analyze a chart, but I also did the same in 2020 when the DXY was declining.
The same concepts apply here but this time the waves are easier to read due to the same type of 5-wave move expected in the EURUSD.
If you don't know what I mean by that I will link the "examining the correlations" video down below along with the latest Aussie Dollar idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
