sngyuchao
Short

Elliott Wave Counts: AUDUSD Short, Stop > 0.79164

FX:AUDUSD   Australian Dollar / U.S. Dollar
My current count for AUDUSD is that it has completed an irregular flat and should be going for a strong 3rd wave down. The stop should be placed above 0.79164 which is the high of the last wave of wave 2. I have also charted out the expected 3rd wave ending which is at a strong support point (as shown by the 2 arrows) and coincidentally also a point at the Fibonacci extension line. Take note that the targets are just for reference and we will have to continuously monitor the how the waves forms and update our targets.
Comment: AUDUSD has moved in accordance with the projection.
Trade active: AUDUSD continues to move down according to expectation.
Trade closed manually: I do not like the way AUDUSD has been moving recently. It doesn't look like a 3rd wave movement.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out