tradedevil

Talking Heads Say USD Higher. Not According to this Count...

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Elliott Wave counts don't get much prettier. 4.25 Risk-to-Reward. Stop is close by with a breach of the Wave-1 high and the 50%. What's not to like? I'd encourage a small opening position with some dry powder to add if the trade gets off to a good start. There will be many places to add if the count is realized...

** NOTE: High impact report in less than an hour so, nothing wrong with getting on the other side of that before entering... if it takes off higher, wait for the wave 2 on the lower time frame. If it rips lower and takes out the Wave-1 high then... hold your ammo.

Crypto Trading and Education - goo.gl/AUxrWz
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.