FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Hello fellow traders,

It looks like we are having a good timing to enter short positions with Audusd . It has nice Risk Reward ratio. The trend shall make a nice move to the down side and accomplish wave C.

There is a triple top, it might be time go short now...
Hello, I´m not that good with elliot wave but this is my outlook for this pair:

maho2003 ChilimBalam
@jorge.ayerdi, I agree with you and heading to 0.76120
Expanding diagonal in wave A is nice. However current wave B may still be in the making, i see maybe a complex correction unfolding within wave B. From May 09 rally can be wave W that ended at 0.7518 high and recent reversal can be wave X. Current rally can then be wave Y in the making(where you labeled sub-wave 2)
@ew-forecast, Oh well, hopefully, it is still wave B so then we shall still get C wave to the down side.
+1 Reply
ew-forecast LaiptaiCervinskas
@LaiptaiCervinskas, Yes it can happen.
ew-forecast LaiptaiCervinskas
@LaiptaiCervinskas, aussie is now at important resistance levels
This is great work
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