AUDUSD Elliot Wave Analysis

10 Nis 2017If you analyze the recent downtrand through "Elliot Wave Goggles", one might believe that the pair has reached the end of the 3rd impulse wave, will pullback to a previous support/resistance for the 4th wave, and then continue downward for the 5th wave. With this analysis you could either try to collect pips from the pullback of the 4th wave, or the short position of the 5th wave, OR if you're really confident in your ability...both sides of the trade.

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