Safe Traders can look to initiate short positions below 0.7800 mark & Risky Traders Can take advantage of shark@0.8065 but check all other tools to confirm the sell position from close by levels of 0.8065-0.8000 zone.
We look for internal wave 3 to complete close to 0.73285 which is the end of the triangle & a thrust started & completed@0.8065 & later bounce back to complete wave 4 upside & final fall which completes wave (C) - this completes the whole sequence which started from 1.1080 in year 2011
There is a shark in between vertical lines shown just above as to get good picture & view of the instrument rather than making it choppy.
So, we have a strong confluence of shark in the waves at close by levels of 0.8065 which can offer good resistance. Safe Trading can be initiated below 0.7800 mark
Target- minimum should be E- wave in the triangle@0.73285- if that breaks then it becomes more bearish else a possible bounce back can be expected.
Enjoy. Shall be returning back in another 3 months to check -how the structure has opened up.
Take Care.
Previous Update - left at C- Wave in Triangle in Dec2016
We look for internal wave 3 to complete close to 0.73285 which is the end of the triangle & a thrust started & completed@0.8065 & later bounce back to complete wave 4 upside & final fall which completes wave (C) - this completes the whole sequence which started from 1.1080 in year 2011
There is a shark in between vertical lines shown just above as to get good picture & view of the instrument rather than making it choppy.
So, we have a strong confluence of shark in the waves at close by levels of 0.8065 which can offer good resistance. Safe Trading can be initiated below 0.7800 mark
Target- minimum should be E- wave in the triangle@0.73285- if that breaks then it becomes more bearish else a possible bounce back can be expected.
Enjoy. Shall be returning back in another 3 months to check -how the structure has opened up.
Take Care.
Previous Update - left at C- Wave in Triangle in Dec2016
Trade active
13:20 Hrs 23rd Aug2017 Last price@0.7885
Falls from top@0.7950 as suggested for Risky Traders.
Trade active
19:55 Hrs 6th Oct2017Last Price@0.7753
Looks to be impulsive fall below 0.8000 mark. If it wave 1-2-3 count in that case wave 3 completes 200% of wave 1 @0.7765.
We shall look for bounce back in wave 4 which likely should travel 38.2% @0.7880 & close previous swing high@0.7875 once it holds above 0.7750
Look for Buying opportunity using your own analysis.
Best of Luck.
Trade active
07:05 Hrs IST- 10th Oct2017Last Price@0.7783
AUDUSD turned as anticipated from lows of 0.7733. Use Trail Stop Method to Squeeze most out of this upside push. If it extends beyond & stays above 0.7900 then it could even make new high above 0.8125
Trade active
18:42 Hrs 13th Oct2017Last Price@0.7873
Awesome - It pushed from 0.7750 to 0.7880 - We will take rest if it sustains above 0.7900 then next week we will plan to take long positions else holding down below 0.7900 - It can drop below 0.7333 - Enjoy the weekend.
Trade active
07:48 Hrs 17th Oct2017Last Price@0.7840
Took U- Turn from 0.7897 under 0.7900 as anticipated & heading down.
Trade active
17:28 Hrs 17th Oct2017Last Price@0.7846
Next we continue down move below mini bottom@0.7833
Trade closed: target reached
Closed -done & out
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.