AUDUSD, In Descending-Channel, Flag-Formation To Complete!

2021年11月9日

Hello,

Welcome to this analysis about AUDUSD, we are looking at the 2-hour timeframe perspectives. In recent times AUDUSD moved on with important determinations as it pulled back in the structure and as I discovered how it is forming not only one decisive formation that will be an important factor in the next times. As when looking at my chart now we can watch there how AUDUSD has formed this major descending-channel-formation with a coherent wave-count within and the wave A already completed. Now as AUDUSD bounced within the lower boundary of the channel it moved on to develop this bear-flag-formation in which it has a wave-count within as well. When this wave-count has been completed and AUDUSD showed up with a breakout below the lower boundary this will mark the continuation to the downside and once this happened AUDUSD will point to the wave-count-target-zone marked in my chart in blue. Once this zone has been reached it will be decisive on how AUDUSD reacts into it and if there comes an appropriate bounce in the structure or not, when a bounce comes up this can lead to a great reversal and potential completion of this whole descending-channel with a breakout to the upside as well, it will be an important development ahead.

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Information provided is only educational and should not be used to take action in the markets.

2023年9月19日

註釋

ANALYSIS UPDATE: AUDUSD continued with the wave count completion within the bear flag formation before it emerged with an accelerated bear flag breakout.

AUDUSD since completing the whole bear flag formation emerged with heavy bearish momentum reaching all of the target zones.