Fxtoronto
Short

AUDUSD pullback expected

FX:AUDUSD   Australian Dollar/U.S. Dollar
673 10 17
2 months ago
Hello everyone, i just closed my AU             position after selling at at the end of intermediate wave 2 because i am expecting a strong pullback in the form of wave intermediate wave 4. It wont be a deep correction but rather a shallow correction by the rule of alternation. Also we have a butterfly pattern in this very area which is suggesting a pullback. We are only interested in selling this pair.
Video analysis of this setup : https://www.youtube.com/watch?v=OD36MIeDWsE
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot
a month ago
Trade active: Perfectly executed
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albertos
2 months ago
Long at 0.7200
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Fxtoronto PRO albertos
2 months ago
@albertos, not considering any longs especially when the overall trend is bearish
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albertos Fxtoronto
2 months ago
@Fxtoronto, option
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albertos albertos
2 months ago
@albertos, option barrier
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johnm600
2 months ago
Hi there.
Are you confident of your wave 3 of 3 ?
EW suggests an impulsive wave.
Yours appears to have a very long corrective section.
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Fxtoronto PRO johnm600
2 months ago
@johnm600, Well the whole idea is to sell from top since wave 3 can further go down and that would mean that my count is in-correct
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Fxtoronto PRO
2 months ago
snapshot

perfect count guys
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FX4trade
2 months ago
Hello Fxtoronto,

Do you think it will retrace that much? Wave E has been retracing to 23.6.... thank you for your inputs.
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Paul79
2 months ago
This thing is not giving up and rolling over without a fight it seems though your chart looks right on! Very nice analysis!! Any updates at this point and what is your target?
Reply
Fxtoronto PRO Paul79
2 months ago
@Paul79, Thankyou for the feedback. I dont give exact targets over i have a private trading group for that purpose. If you're interested you can DM for the details
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