Get started
6.1.8.Family

Are Sellers In Control Now

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
6.1.8.Family Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD aud Forex Elliott Wave 618 short SELL
3
0
audusd aud forex elliottwaves 618 short sell
For the majority of time, Buyers have been in control since May resulting in a "Higher High (HH), Lower Low (HL)" sequence. However, have the Sellers had enough and maybe looking to gain control? This can only be confirmed once the "Buyer 1 Zone" is breached. For now I'm looking for a short opportunity.

Happy Trading.
6.1.8. Family.
Comment:
The structure I was looking at has changed, so the sell trade will be valid after a break and a smaller correction to confirm the move down. I will update once the trade triggers.
snapshot
Comment:
An early sell entry with the expectation that price violates the "Red Pattern Line":

snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.