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Elliott Wave Forex AUDUSD 22 November 201

Elliott Wave Forex AUDUSD 22 November 201

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Elliott Wave Forex AUDUSD 22 November 2018

AUDUSD 1 Hour Chart
Thursday, 22 November 2018 at 1:21:00AM AEST

AUDUSD made a nice recovery in the last couple of hours, which can be labelled as sub-wave c of a bigger wave B correction. Resistance and a reversal for wave B can be found around the Fibonacci ratio of 61.8, from where a bearish reversal may follow.

audusd1hr11-21

AUDUSD 4 Hour Chart
Wednesday, 21 November 2018 at 7:13:00PM AEST

AUDUSD is turning lower more aggressively than we thought this week so it appears that pair is once again headed lower for a deeper pullback. Adjusted wave count suggests this is an A-B-C substructure within red wave B) against the previous five wave rally in A). If we are on the right track then current reversal will slow down around 0.7160 swing support.

audusd4hr11-21

 


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Forex AUDUSD Elliott Wave, Forex AUDUSD, AUDUSD Elliott Wave, Forex, AUDUSD, Elliott Wave,

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