Hello! I'm coming back to site with Elliott Wave Count for major Forex pairs. Let's start from AUDUSD.
On daily time frame I'm expecting the further declining to zone 0.77-0.76. I don't recommend to short from current level, but I suggest to buy starting from 0.77. So right now we see possible plan, let's wait if market provides us good price for entry, don't hurry. Yellow line played as previous resistance level, now it is support line.
Hi and thank you for your counts.
Generally AUD is inversley controlled by USD (except when we have and iron ore or gold boom) but you have both going up into 2018 on your primary & alt DYX counts ?
An explanation of your view will be appreciated.
Cheers
John
esperanto
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Hello! Why do you expect (c) will be much longer than (a)? Why your i+b (as ending diagonal) can't be the complete (c) already?
Elliott_Wave_Count
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@esperanto, your option is possible, because of that I recommend now to wait further declining and see the wave behavior. Weekly we are still in uptrend, it's also important to remember this.