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sudhannayak
Jul 29, 2019 5:42 PM

AUDUSD Elliot wave analysis - Full + Possible move Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is on it's down correction mode.

It looks the final cycle 5 of lower degree is not yet complete. It is possible that it will go further down to make a lower degree 5.

If we consider the Grand impulse cycle, it looks the grand impulse 1 is complete, 2 is in the making. After that 3 could be steep upwards.

Comment

The stock is following the trend.

Trade closed: target reached

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