Elliott Wave Counts: AUDUSD Short, Stop > 0.79164

My current count for AUDUSD is that it has completed an irregular flat and should be going for a strong 3rd wave down. The stop should be placed above 0.79164 which is the high of the last wave of wave 2. I have also charted out the expected 3rd wave ending which is at a strong support point (as shown by the 2 arrows) and coincidentally also a point at the Fibonacci extension line. Take note that the targets are just for reference and we will have to continuously monitor the how the waves forms and update our targets.

Komentarz:

AUDUSD has moved in accordance with the projection.

Zlecenie aktywne:

AUDUSD continues to move down according to expectation.

Zlecenie zamknięto ręcznie:

I do not like the way AUDUSD has been moving recently. It doesn't look like a 3rd wave movement.