Thursday 24 October 2013

AUDUSD perfect entry

Hi Traders,

Before getting into the analysis of AUDUSD, don't forget my webinars and seminars below.

All this powerfully organised & hosted by the mighty City Index in Sydney.

At the Seminar you will have a fair idea of "How to":
  • recognise & label each wave properly
  • predict the direction of new trends
  • correctly identify the starting point of new trends
  • determine targets
  • identify Entry and Exit point in daily, 4-hour and 1-hour charts.

Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 


THE ANALYSIS: AUDUSD, perfect entry

Hi Traders,

The AUDUSD (now at 0.9620) seems to have completed 5 waves up, closing  perfectly within the range target calculated with the method of the Fibonacci Queen (in the 1-hour chart). The pair seems to have started a new downtrend.


Likely: 0.9532-0.9511
Possibly: 0.9220
Maybe: 0.91.94-0.9187


It shouldn't bounce back up. Theoretically any entry is good as the 1-hour wave oscillator is shorting already. 

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge

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