AbhishekHSinghCMT

AUDUSD - 650+ pips -The Wave Talks Australian Language

FX:AUDUSD   Australian Dollar / U.S. Dollar
All started with the bearish shark when AUDUSD             was trading at 0.8065 levels & we were gearing up to sell below 0.8000 mark on 20th Aug2017 as per the previous update "Be careful of the shark"

Looks like AUDUSD             has completed clean five wave sequence from 0.8125 to 0.7625

Wave Sequence 4 to 5 was captured as per 17th Oct2017 update.

Inverse AUDUSD             = Is this USDINR             as both travelled from 8th Sep2017 in similar fashion - later catching the bottom on 13th Oct2017 & exploded upside - The question here is can USDINR             copy the inverse AUDUSD             .

20th Aug2017 - Careful of the shark in the waves at 0.8065



17th Oct2017 - Inverse AUDUSD             - Mirror Image of USDINR
Trade active: 15:42 Hrs 2nd Nov2017

Last Price@0.7701

We will book partial profits here at 0.7700 as it could be choppy move next & part of correction.
Next move we will plan to buy above 0.7730 or at retracement of current rise from 0.7625 to 0.7730

Trade active: 10:47 Hrs 3rd Nov2017

Last price@0.7690

As suggested over night - push upside looks choppy & we book partial at 0.7700 - falls exactly from 0.7730 to 0.7681
Trade active: 22:45 Hrs 8th Nov2017

Last Price@0.7675

Looks like it will travel below 0.7625 -double bottom & current resistance is 0.7730 - magical resistance- where it turned down last time.
Any bullish move will be seen above 0.7730 or it dips below 0.7625 & later it starts bullish move.
There is triangle which can forming between 0.7730 -0.7625
Trade active: 21:42 Hrs 9th Nov2017

Last Price@0.7656

Yes -It is a triangle & turns down from 0.7693 - below 0.7625 - shall travel in the last leg downside & later we will start the upside push.

Trade active: 10:49 Hrs 17th Nov2017

Last Price@0.7570

Pierced downside below 0.7600 mark as suggested - still the pattern is not clear on downside so we hold shorts with trailing stops above 0.7666 - Move above 0.7666 shall be the early clue that downside leg is over & we are heading upside.

Trade active: 18:31 Hrs 17th Nov2017

Last Price@0.7550

Book All Short Positions - Session Low@0.7541 - Next short positions only below 0.7540 as we could be turning upside anytime soon if 0.7540 holds on downside. Watching the price action carefully.
Trade active: 20.27 Hrs 20th Nov2017

Last Price@0.7550

Push above 0.7575 - shall confirm that the pair is heading upside for 0.7625 -later 0.7730 & above 0.7730 to 0.7885
Trade active: 19:01 Hrs 21st Nov2017

Last Price@0.7575

We got the required move above 0.7575 as suggested earlier. Next we will wait for retracement zone 0.7550-0.7555 - if holds then it could be the zone of interest for next moves upside.
Trade active: 18:45 Hrs 22nd Nov2017

Last Price@0.7579

Bravo !!!!!!! - What a pick as suggested when it crossed 0.7575 - wait & best pick between 0.7550 -0.7555 - We picked right at 0.7555

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
We've to wait for 0.7575 then start to buy,right?
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@gtomi001, Yes, buying only above 0.7575
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gtomi001 AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you
Reply
Wonderful
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