7pasos
Short

0.93 more probable than 0.95 the target

FX:AUDUSD   Australian Dollar/U.S. Dollar
221 5 0
Under the elliott wave technique the odds for the actual down side movement target seems to be greater for the 0.93 than 0.95 due the convergence of fibonacci levels.
As you can see here the 3rd was the extended wave into this impulse and if we plot the 38.2% level of division for this impulse the objective for the total impulse coincide almost exactly with this level.
We will need to keep on checking how the 5th wave pattern develop to keep this projection or modify it.
7pasos
3 years ago
If you plan to keep the trade open at least low the break even to 9480 but the best is to close while we still are at the bottom.
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tuanatuba
3 years ago
Happens to the chair of the pair?
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7pasos tuanatuba
3 years ago
chair?
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tuanatuba
3 years ago
sorry no chair . I was gonna say I'm sorry I will rise up where?
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7pasos tuanatuba
3 years ago
Well it will depend of 2 things the context and if the full down side movement has definitive finished, at this point is not clear if it will not have more down side to come so we should wait, the point of close the trade is to do it at the time when the risk of loose the gained money is too high as to keep on the down side trade. Hope this answer helps your strategie. (by the way as far as now if the move has finished will be a tendency to reach the last 4th at least.
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