Elliottician_SamRoy
Short

AUDUSD: Is Aussie destined to fall for next couple of years?

FX:AUDUSD   Australian Dollar/U.S. Dollar
2 months ago
The short-to-medium term Elliott wave counts suggest that AUDUSD             may keep falling for next couple of months or even years given that price does not break the recent high of 0.78337. IFF this wave counting is correct, Aussie will provide us with some exciting short selling opportunities in 2017.
I will publish my Entry/Stoploss/Profit targets later in comments.
Happy Investing.. :)
a month ago
Comment: AN ALTERNATE SCENARIO:
Remember the definition of Double three combo in Elliott Wave Principle?
"A double three combination is a sideways corrective pattern labeled W-X-Y.
Wave-W can form a ZigZag or a Flat but is usually a Flat
Wave-X can form any corrective structure but is usually a ZigZag
If wave-W is a ZigZag then wave-Y can form a Flat or a Triangle, if wave-W is a Flat then wave-Y can form a ZigZag, Flat or a Triangle. In any case, wave-Y is often a Triangle."
So wave-Y can also form a Flat where wave-c can form ending diagonal as mentioned in below chart. Keep in mind these possibilities. Happy investing...
snapshot
a month ago
Comment: We have important fundamentals regarding AUD and USD today and tomorrow. If our outlook and wave labeling is correct, AUDUSD may get the reversal sooner.
Good luck and happy trades...
snapshot
a month ago
Trade active: I am short from 0.77470. Current price is almost back to that price. Using tight SL to save my equity in case it moves in opposite direction. But if we are predicting it correct then rewards are even more than the ones mentioned.
Happy investing :)
snapshot
16 days ago
Comment: Hello guys. Did you short from the top when I mentioned it? Its 400+ pips already in profit. The wave counts for recent fall are little confusing at the moment so I will wait for some clear structure in order to label current price action and project the targets accordingly.
Always use trailing Stops. Good luck
Happy trades
7 days ago
Comment: Hi guys
It looks like we have got completed wave-i & ii of higher degree wave-3. Although wave-ii retraced only 38.2% of wave-i but it looks like completed and I am Shorting some more.
Conservative entry would be below the gray channel bottom line with SL above termination point of recent wave-ii.
Good luck and happy trades :)
snapshot
lol I was just going to post that exact same count....
+2 Reply
Elliottician_SamRoy CurrencyWaves
2 months ago
;) lets together wait for confirmations and make some money out of Aussie.
+1 Reply
ahmetnmsl
2 months ago
There s an eliotician on twitter..he suggests that first a rise to 0.8-0.828 snd then fall hard.. but i hope your count is true:)
+1 Reply
ahmetnmsl
2 months ago
http://imgur.com/JuiQZPM
+1 Reply
Elliottician_SamRoy ahmetnmsl
2 months ago
Hi Ahmetnmsl. This wave count in your link is very much possible and have equal probability of occurrence. That scenario is , and which is also very common in a combination correction. But one thing that supports my wave count is this blue Trend line in attached chart below. If Aussie makes a zigzag wave-Y then it has to break the line or otherwise complete this triangle and stay below the line and reverse.
Lets see how price action unfolds and shows us a clearer picture. Thanks
snapshot
Reply
Elliottician_SamRoy Elliottician_SamRoy
2 months ago
There is something missing in my above comment. Full sentence is: "That scenario is Expanded Flat wave-W, Sharp zigzag wave-X and Zigzag wave-Y, which is also very common in a combination correction."
Reply
ahmetnmsl Elliottician_SamRoy
a month ago
Thank You.. i am following this pair because i have a losing position from 0.7473. but i use good money management. do you suggest this my position to hold ?
also thanks for liking my idea. it is from summer and i am aware of this trend line too from 2013. so i see it is strong resistance and chances are that it is more probably not to break it.
Thanks again for the chart.
Reply
Elliottician_SamRoy ahmetnmsl
a month ago
Sorry for late reply. I dont know at which point exactly you sold but If I were you I would have hedged my short position immediately when price changed the overall pattern. But for now I think your trade wont be looking so bad as price has almost completed the wave-c of triangle. And for those wave counts that you showed me, can I know who posts them on twitter? thanks
Reply
ahmetnmsl Elliottician_SamRoy
a month ago
https://twitter.com/JackieTheTrader
+1 Reply
ahmetnmsl Elliottician_SamRoy
a month ago
His last post about AUDUSD is , he expects to pullback to 0.7510-0.7560 region and then headed to 0.80..
+1 Reply
johnm600
2 months ago
That's a count I have not seen before, great work.
+1 Reply
Elliottician_SamRoy johnm600
2 months ago
Thanks John
Reply
sparta718
2 months ago
:v
+1 Reply
happyluckydog
a month ago
thanks for your clear diagram.
+1 Reply
happyluckydog happyluckydog
a month ago
snapshot
+1 Reply
happyluckydog happyluckydog
a month ago
Your idea clarify my viewpoint to visualize heavy selling pressure under 0.78. thanks.
Reply
Elliottician_SamRoy happyluckydog
a month ago
thanks and best of luck :)
Reply
i like the alternate count you have with the Ending Diagonal.
+1 Reply
Elliottician_SamRoy CurrencyWaves
a month ago
Yeah. Because it can be a heavy Bull-trap + Stop-hunt before a fall.
Reply
Elliottician_SamRoy CurrencyWaves
a month ago
@CurrencyWaves, So you were right and alternate count is working as main count now :)
Reply
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