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Forex AUDUSD Elliott Wave 1 November 2018

Forex AUDUSD Elliott Wave 1 November 2018

Forex-AUDUSD-Elliott...

Forex AUDUSD Elliott Wave 1 November 2018

AUDUSD 1 Hour Chart
Tuesday, 30 October 2018 at 8:29:00PM AEST

Weakness on gold can also cause more damage on Aussie, but after a completed a-b-c move within wave 4, which has nice resistance a little bit higher; at 0.7160.

audusd1hr10-30


AUDUSD 4 Hour Chart
Wednesday, 31 October 2018 at 6:34:00PM AEST

No change.
AUDUSD is trading bearish, however with overlaps between waves from August to November. We see a EW ending diagonal in play within higher degree wave 5) with current turn higher representing a corrective leg. We labelled a corrective wave 4, which can look for resistance and a reversal into final leg 5 around the 0.716 region. A drop from there will confirm final wave 5 to be in play.

audusd4hr10-31

 


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