It appears to be the terminal of wave 4, with wave c being complete close to c = 1.618 x a @ 0.8051.
Can place SL below 0.8051 for target of 0.9258 (Wave 5 = Wave 1).
Cheers,
NBD
Thursday, May 27, 2010
AUDUSD - Daily - by Nayan Bipin Doshi
It appears to be the terminal of wave 4, with wave c being complete close to c = 1.618 x a @ 0.8051.
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