riskmode
Short

Wait for 5 then sell stop

FX:AUDUSD   Australian Dollar/U.S. Dollar
304 18 4
Wait for 5 then sell stop
you don't know how to count. 4 of you is A and next is B and reveral. They will go no more than 4. Bye
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riskmode caothecongtoan
No, I just counted the C portion. the D leg of this is an ABC pattern. C finishes in 5 waves.
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honestly, it is not going up to wave 5, it make a huge resistance in 0.6735 in AUDUSD, because it is 1.3100 in USDAUD, an psychological number, and failed breakout, in the morning , plus strong US dollars. ,can not go up more. You can short now.
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riskmode caothecongtoan
if it doesn't make wave 5 then there's no trade. 5 waves is the only reliable way to say the move is finished.
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snapshot
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caothecongtoan caothecongtoan
look at this, wave 5 of you is put down, because of strong opposite direction. In the theory, you are correct, but in reality, there will be some differences.
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caothecongtoan caothecongtoan
my point A, and B can be lower .
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AkashGaur caothecongtoan
i really wish you spend more time on the charts then to spend it in banter. Secondly you have no idea how to count or so does it look by your charts. Thirdly support and Resistance doesnt exist, any trader especially one who trades elliot waves( which you claim to do) doesn't believe in this psychological level shit that you speak of. Go and look at the best elliot wave traders on this website you shall get your answer. Fourth maybe you should actually study the DXY before making claims how index cant go up north LOL i dont really get into such stuff on TV since i assume that we are all professionals here but this kind of behavior is just as childish as it gets.
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AkashGaur AkashGaur
And OH LOL, please lay off the 3 minute charts wont do you any good
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We will see the answer in next week. Sir.

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caothecongtoan caothecongtoan
Fxtoronto, i live the same city with you , nice to meet you .
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AUDUSD next week short @ 0.7708, sl 5p, TP 0.7405

watch it...!
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Great chart riskmode. Best of luck
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also look for the trendline above you are correct that it should make the final move up before going down
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LOOK AT THE CHART RIGHT NOW , AND TELL ME, WHO IS RIGHT?
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AkashGaur caothecongtoan
okay if it lets you sleep at night :)
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This trade is off now. It never made a 5. :(
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