TradingView
EightyNineWaves
Jul 8, 2022 12:23 PM

AUDUSD #2 Trade Update Short

Australian Dollar/U.S. DollarFXCM

Description

My last trade idea on AUDUSD returned to my entry price after spending some time in drawdown and in profit. This movement so far is most likely a 1-2 of a developing impulse to the downside, so I'm standing by my original idea that we should see a significant decline at least to the month's lows.

I base my predictions off a variety of different Elliott Wave counts, anticipating what I believe is the most probable move on the short-term based on the confluence of those counts.

Please DO NOT mimic my trades. Do your own due diligence. I am not a professional analyst.
More