Your browser does not support JavaScript!

Welcome to our Elliott Wave Technical Analysis Blog!

The best front row seat for fantastic
Elliott Wave CFD trading tips & education

Latest US Stock posts
Elliott Wave Forex AUDUSD 13 December 2018

Elliott Wave Forex AUDUSD 13 December 2018

Elliott-Wave-Forex-A...

Elliott Wave Forex AUDUSD 13 December 2018

AUDUSD 1 Hour Chart
Wednesday, 12 December 2018 at 7:44:00PM AEST

We are tracking a potential trading setup on Aussie, which is on our watchlist! So, after that sharp and impulsive decline by five waves, we are observing a three-wave A-B-C corrective rally that can stop at that base channel support line which may act as a resistance around 50% - 61,8% Fibo. retracement. That said, we want to see a retest of 0.73 area and then we can expect a bearish continuation back towards new lows! If Aussie from any reason turns back above 0.74 invalidation area, then we may adjust the view!

audusd1hr12-12

AUDUSD 4 Hour Chart
Wednesday, 12 December 2018 at 6:53:00PM AEST

AUDUSD is trading bearish, ideally unfolding a bigger, five-wave cycle down from 0.739 level. We see current sharp and firm drop as wave 1), which can be completed, in which case a temporary pullback as wave 2) may follow. This wave 2) correction can unfold a three-wave pullback, which can later look for resistance and a a bearish reversal near the 0.7300 region (region of a lower channel line).

audusd4hr12-12

 

 

 


GET A TRIAL MEMBERSHIP HERE

$1 for a 20 Day Trial Membership to see, hear, learn and progress


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

Related

Tags

FOREX: AUDUSD

Categories

Forex Trading

Share

You need to login in order to comment

 Get Your Trial
20 Days for $1

 

WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!

  • Our coverage means you get maximum flexibility in your trading options
  • Analysis + Trades updates every day
  • Elliott Wave specialists
  • Discretionary strategies to take away

Our huge range of markets include charts + videos for:

  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil
  • Forex daily – Primary pairs + US Dollar Index
  • Cryptocurrencies - Bitcoin

Also included so your trading can really improve:

  • TradeCheck to check your own analysis or trades
  • Trading Education plus One-2-One Class
  • Phone + Email support
  •  
AddThis Sharing
AddThis Sharing
Archive
Text/HTML
What our clients say