AUD/USD H4

General Overview for 20/03/2014:

There are three possibilities here for current wave prgression.
(1) The correction in wave 2 bluee is over and now we are going higher to test and break the level of 0.9085 with a possible swing high test – RUNNING FLAT SCENARIO
(2) The correction hasn’t been finished yet and there is one more wave down missing to the level of grey rectangle  area  – REGULAR FLAT SCENARIO
(3) The correction hasn’t been finished yet and there will be a downside extension to the level of grey rectangle area – IRREGULAR FLAT SCENARIO

Breakout above level  0.9132 invalidates scenario (2) and (3).

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About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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