FX_IDC:AUDCAD   AUSTRALIAN DOLLAR / CANADIAN DOLLAR
152 4 3
Since we have entered the LR200 we have made two clear legs up as drawn with the Fixb Extension.

Currently the LR50 is downward indicating a correction before our 3rd leg up. My entry is based on the 2.B position of the numerical ordering of wave theory.

1 - Impulse
2 - Corrective
3 - Impulse
4 - Corrective
5 - impulse

A. B and C are part of a correction of waves 1 - 5 in a bigger wave on a larger time frame.

This is the Elliot wave summary for all my novice traders.
Look at the Support where corrective wave 4 ends. Or where I have drawn the Second Leg (Yellow) too.
Reply
snapshot


I have added the daily chart, where you will see 4 periods of previous resistance on the 200MA now we have broken above and our testing the 200MA as support
Reply
The support is broken I have closed my position with little losses.
Reply
In my later trade idea, I shorted on the double top for a profit of 160 pips. This idea was posted.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out