AUDUSD - 850+ pips - What a pick@0.7555!

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Looks like AUDUSD finally setting a bottom@0.7532, yet I won't hurry as we wait for more confirmation. Current push from 0.7532 lows looks impulsive & we picked up again @0.7555 once it crossed above 0.7575 -wait for the best pick between 0.7550 - 0.7555 - suggested in previous update as mentioned below.

AUDUSD - 650+ pips - Wave Talks Australian Language
AUDUSD - 650+ pips -The Wave Talks Australian Language
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15:59 Hrs 23rd Nov2017

Last Price@0.7630

We book partial in long position initiated at 0.7555 to 0.7630 & shall wait for pullback to join the upside move later.
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15:57 Hrs 24th Nov2017

Last Price@0.7610

Drops from 0.7630 & close by level to 0.7606 - There is a minor support between 0.7600 -0.7605 If holds then we get to see upside push & going above 0.7620 give us further clues.

ảnh chụp nhanh
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16:12 Hrs 27th Nov2017

Last Price@0.7635

Dipping slightly below minor support & bouncing strongly above 0.7605 looks good for next upside to 0.7700-0.7710 once it starts travelling above 0.7640 highs.
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19:25 Hrs 29th Nov2017 -

Last price@0.7557

Hardly moved above 0.7640 - close to prior lows. Next move above 0.7600 will take it back for new highs above 0.7644
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19:48 Hrs 29th Nov2017

Last Price@0.7562

Last time we picked the pair at 0.7555 - It is back again at 0.7555

This time double bottom

Bullish Cypher

Can we get 0.7620 - 0.7644+ targets on upside - if it holds above 0.7555

ảnh chụp nhanh
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10:53 Hrs 30th Nov2017

Last Price@0.7588

Awesome - It pushes up exactly from previous low@0.7555 - Double Bottom & Bullish Cypher.

ảnh chụp nhanh
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18:13 Hrs 2nd Dec2017

Last Price@0.7609

Cypher explosion or double bottom@0.7555 - Done with the target zone 0.7620-0.7644

ảnh chụp nhanh
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19:05 Hrs 4th Dec2017

Last Price@0.7609

We are in middle of choppy move & move below 0.7595 -pair can attempt 0.7550-0.7555 -which is very important zone as below 0.7530 - it will run for new lows.
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14:33 Hrs 5th Dec2017

Last Price@0.7637

From last update earlier hardly stayed below 0.7595 & above 0.7600 had travelled to 0.7653 highs -which is close to channel top -unless it moves above 0.7667 - we are bearish for lower targets which could be 0.7555 -minor support where we got 75 pips in between with bullish cypher.

Staying below 0.7650 have strong chances of travelling down below 0.7532

ảnh chụp nhanh
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20:41 Hrs 5th Dec2017

Last Price@0.7609

Perfect !!!

Perfect in below 0.7650 - Makes recent low@0.7602 - Book Partial & Try to join on bounce in the zone 0.7630-0.7635 if holds as resistance on top or below 0.7600 mark.

ảnh chụp nhanh
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10:45 Hrs 6th Dec2017

Last Price@0.7580

110 pips again in over night position!

What a selling at 0.7650 to 0.7602 - Booked & Entered again at 0.7630 & Book partial again at current price@0.7580

Later sell below 0.7600 if it faces resistance else sell below 0.7550

ảnh chụp nhanh
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17:45 Hrs 6th Dec2017

Last Price@0.7685

Started falling from close to 0.7600 @0.7596 - Suggested to sell - we are in again with strict 5 pips stop loss @0.7600+

If goes below 0.7550 then good entry again else we come back again. Remember below 0.7550 - pair will be weak.
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18:16 Hrs 6th Dec2017

Last Price@0.7590 - Hold

Still in sideways action so stops of 0.7600 is not good idea but we are expecting a fall once it starts moving below 0.7570 & take out 0.7550 as 2nd confirmation level for downside move.
Đóng lệnh: đạt mục tiêu
18:56 Hrs 7th Dec2017

Last Price@0.7520

Total 1150 pips locked - watching price closely for upside push next above 0.7520

Thanks!!!
Elliott WaveSupport and ResistanceWave Analysis

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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