AUDUSD - Tracking Minor Waves - Target is 81cents
We are working with the idea that we are in a major bull market in the Aussie dollar.
I believe this is the beginning of the first large degree impulsive move since the Aussie dollar floated 1983 so we don't want to miss every opportunity it has to offer.
Tracking minor waves with precision is crucial when dealing with impulsive waves.
Blue Wave 2 was an expanded correction. We are now working in a third of a third wave.
According to my analysis last week the end of Blue Wave ii correction ended 4th of June creating support of .69292.
After that we saw a move breaking the highs, the ensuing correction involving the some US non-farm payrolls did not break this support.
I believe we are going to see some very impulsive price action this coming week.
A break of the upper channel will confirm that we are seeing Blue Wave iii in progress as we make a huge jump towards our .81cent target.
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I believe this is the beginning of the first large degree impulsive move since the Aussie dollar floated 1983 so we don't want to miss every opportunity it has to offer.
Tracking minor waves with precision is crucial when dealing with impulsive waves.
Blue Wave 2 was an expanded correction. We are now working in a third of a third wave.
According to my analysis last week the end of Blue Wave ii correction ended 4th of June creating support of .69292.
After that we saw a move breaking the highs, the ensuing correction involving the some US non-farm payrolls did not break this support.
I believe we are going to see some very impulsive price action this coming week.
A break of the upper channel will confirm that we are seeing Blue Wave iii in progress as we make a huge jump towards our .81cent target.
Please LIKE and FOLLOW to get notification of updates and future posts.
