watch out for signs for change on the bear run. thou signs are that it will move down a bit but soon we should get a good move up.
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The AUDCHF daily chart shows that the decline from Dec 2018 high to Jan 2019 low took the shape of a textbook five-wave impulse in wave (a) in red.
The Elliott Wave theory states that a three-wave correction in the opposite direction follows every impulse. In AUDCHF’s case, wave (b) in red looks like a w-x-y double zigzag retracement.
Waves (a) and...
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AUDCHF FOREX BREAKDOWN 09 APRIL 2019
Explosive open above previous week highs taking out sellers
Strong bullish wave formed and ending now
Strong bullish price movement about to end we need a pullback
ENTRY @ 0.71430
SL @ 0.71890
TP @ 0.70890
(Use normal Risk!)
IF YOU HAVE...
The 4-hour chart of AUDCHF showed a reversal from a key resistance level and a broken H&S neckline.
As shown, the breakout impulse can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v (blue).
The Elliott Wave theory states that a three-wave correction follows every impulse. That is exactly what we are looking for now in form of a-b-c...
I AM EXPECTING THIS TO DROP SOON, AND HARD
IT HAS BEEN EXTENDING FOR A WHILE NOW.
SHOULD SEE SOME OF THIS MOVEMENT IN NEXT
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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