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Cordell_Breaux
Dec 7, 2017 6:44 AM

AUD/USD I SEE SHARKS IN THE (ELLIOT) WAVES Long

Australian Dollar / U.S. DollarFOREX.com

Description

Hello,

I'm looking at a potential long opportunity off the daily AUD/USD.

- Wave C of an ABC correction of the previous impulse is coming to and end and I project it wrapping up around the 0.75000 level (2.414 extension of AB).
- Very strong trend-line that has been respected for almost 2 years and intersects at that same level.
- Harmonic shark pattern that has some very ideal fib ratios and also completes at 0.75000 level.
- Positive RSI divergence

Thank you

Any feedback would be greatly appreciated

Trade active

Nice bounce off that .7500 level. Im looking to take profit off the .382 fib level of the most recent high.

Not sure I want to hang on to this for any longer.
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