The "AUDUSD Elliott Wave Analysis Trading Lounge Day Chart" dated February 15, 2024, delves into the intricate dynamics of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair, utilizing Elliott Wave theory. Focused on the daily chart, this analysis provides a comprehensive understanding of potential price movements for traders seeking strategic insights.

Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart.

AUD/USD Elliott Wave technical analysis

Function: Counter Trend as wave 2.

Mode: Corrective.

Structure: Ending Diagonal as wave C.

Position: Red wave 3.

Direction next higher degrees: Black wave 3.

Details: Blue wave C of 2 is in play and looking near to end as ending diagonal diagonal . Wave Cancel invalid level: 0,62707.

The "AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart" dated February 15, 2024, provides a detailed exploration of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair within the context of Elliott Wave theory. This analysis primarily focuses on the 4-hour timeframe, aiming to equip traders with valuable insights for navigating the market.

Technical Analyst: Malik Awais.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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