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Australian Dollar / U.S. Dollar
Updated

AUDUSD shorting plan: AU bounces to short

682
Looking for AU bounce to continue into my shorting zones.
I think it has one more dip yet before any serious recovery is possible.
Either that or I am wrong and it will get past by higher red zone (but I am very doubtful).

Note
AU shorts fired, first salvo snapshot Almost touched resistance, and there was some ''not good'' econ news. So hopefully that will start wave 5
Note
Second short added snapshot
Note
Well, after some chop we finally to a significantly lower low snapshot I still think the next next leg down is plausible. The above snap shows an ABCDE currently formed, and then a DUPLICATE of that abcde is what I have plotted. That seams to fit the zones perfectly. Lets see how it goes.
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Elliott WaveFibonacciSupport and Resistance

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Elliott WaveFibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.