King Dollar has been merciless lately. AU has been falling for quite some time. We are now approaching several supports.
My last trade was a short call (see below). I have closed most of the position for now. We should see a decent bounce before FOMC.
The Blue 7.236 should bounce a bit but is not a common wave-ender. The Red 5.236 has the best chance of ending this downward wave. The Blue 8.618 is Bulls' Last Stand, any lower risks new lower low.
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(perfect entry) (wick marks target?) (perfect short a year ago) (still in play) (found last bottom) (in time, to the Pip) (perfect top, huge profits) (the very tip-top a year ago) (perfect entry, huge profits) (pinpoint Entries/targets) (just in time, quick 70 pips) (Upthrust warning just in time) (recent perfect entries) (caught most of the spike) (recent perfect entries) (Perfect entry, still in play) (Prefect entry, almost done) (Fib extensions at work)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.