AUDUSD about to fall

FX:AUDUSD   Australian Dollar / U.S. Dollar
311 1 1
With good resistance at 0.95286, the AUDUSD             is expected to fall. Elliot wave correction has finished at 0.97576, so with a retest of 0.95286, it will complete the 2nd correction wave of the downtrend and continue its third wave down (impulse leg). This also confirms with the cypher pattern which should complete at 0.90769 (green box) and form the kill zone for re-entry to go long.

Update on 14th Nov :-
Guys, half way there. Now it is testing support at 0.92942. If the daily candle closes below that, good chance it will continue its move down to at least the 0.9200 regions which would make a good risk/reward.
update - with the support and price action, it is better to take profits at this level and re-enter when signals are more clear
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out