FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
714 23 35
Description on the chart :)
We can sell till monthly retracement of 88.6%(.65707), later see how the structure develops and decide on it. Btw great trade!
+1 Reply
Piet.Hein Mahantesh.Ganamukhi
Nice call, I agree.
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To be monitor with close attention.
This could be a double bottom, and a good one too.
( 1st target level: 0.77002 area)
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Pleas excuse my typing mistake, I meant "monitored".
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Piet.Hein Nicemate
relax, my english is not perfect, Im from Brazil, portuguese speaker ;) I understood everything you said
+2 Reply
Piet.Hein Nicemate
Thanks for the complement! Could be for sure, lets see, but I will remain with my bearish view :)
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I'm waiting a little H4/H1 consolidation and then will sell :)
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Piet.Hein kallentto
good strategy, I may do that too, if you enter a trade tell me!
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arif_awan kallentto
thanks , would be looking the same
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BTW. That is a classic wave 4 Elliott.
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Piet.Hein peterdcharlebois
:)
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Hi Piet. the triangle that formed may well have been a wave 4 --- the thrust downward may be the end and a temporary reversal could now carry forth. Break of the upward trend-line could be interesting
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Piet.Hein peterdcharlebois
Hi Peter thanks for the comment, I believe that what is happening right now is a short term reversal, but also believe it will give a good pullback to go short again. Yes, agree a break upward could be interesting, but as long as we remain below it, my view is bearish :)
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Very simple and powerful setup mate.. Well done..! I keep an eye for a consolidation before a sell off.. This move to the down has great potential and is about to start.. Keep the charts coming :)
Watch At This Zone in AUDUSD
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Piet.Hein Fxprotrader
Thanks! Yes, Im waiting too, Im not on this trade yet. When and if (I hope so) price goes up and give a setup I will go short. Nice chart, I saw it earlier :)
+1 Reply
Nice analysis as usual. I'm wondering about your chart though. Price reached a low of ca .6825 (depends of course on your broker) on 15/1 & 20/1 so the lower TL of the middle channel is a bit off. Anyway I'll be looking for shorts too. Good luck.
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Thanks mate :) Yes the data can change a bit from broker to broker, but the big picture is pretty much the same. good luck for you too :)
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I think higher prices are more likely (to at least retest the major trendline. Here's a chart of what I expect should happen. The blue lines are where it should go, and the purple shows the possibilities afterwards: https://dl.dropboxusercontent.com/u/98363503/TV%2520-%2520aud.usd-d1%2520%2520%2520%2528correction%2520scenario%2529.png
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Piet.Hein kosai19
Yes, from this chart I also think higher prices are likely, actually this chart was just the analysis. nice chart, I absolutely agree with you. my entry was this one:

AUDUSD Short - I
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I think audusd is a short,,,,do you still think?? ...or did you get out
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Piet.Hein tony12000
Still on trade, my stop is currently at .7256 Im expecting further downside to come if it breaks the rising trendline from January lows :)
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arif_awan Piet.Hein
i think it will go up coz of bullish divergence.
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short ! look now the sick W
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