Dluginacci
Long

AUD/USD - Everything Comes To An End

FX:AUDUSD   Australian Dollar/U.S. Dollar
Dear traders,

I will keep this analysis short, crisp and meaningful. As the title already says, everything comes to and end - and so does an Elliot Wave cycle.

Cattle Drive
Based on my EW analysis the AUD/USD             is finished on the downside for now and will start a bullish cycle. So if you are short and waiting for it to turn round you may have not noticed that the cattle drive (of the bulls) has already started!

It's still early days. Even better! Enjoy the ( bull )ride.

Bottom Line
I have opened a first long position in all my public and private accounts and will start building a little pyramid as the cycle proceeds. Concept is to trade the whole cycle from start to finish.

Godspeed!
I hope you are right! stopped a previous long position with a loss... opened another one @0.79300... please be right! :)
Reply
I'd be very cautious either way....AUD has been making wild swings. Technically still in a downtrend. For now, I will stick to the quick short term structure based trades and any harmonic patterns that appear on the lower time frames.
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