AUDUSD, keeps going

Hi Traders,

The AUDUSD, now on the resistance at 0.9333 started a rally that should take it to 0.9511-0.9529 and possibly to 0.9691-0.9716.


TARGETS

likely: area 0.9511-0.9529
possibly: area 0.9691-0.9716
maybe: area 0.9915-0.9962

ELLIOTT WAVES

The monthly & weekly chart display an a-b-c-d-e which should be followed by a new rally with a two-step pattern.

The 1-hour chart displays the 5 ways down followed by a double bottom, indication of possible jump.

ENTRY POINT

Check the wave oscillator in the 1-hour chart before taking your position. The 2 black lines must get together or cross. That would be your entry signal. Meaning: there might be a little retracement, so don't get in straight away.



monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over 4-hour chart - click to enlarge

1-hour chart - click to enlarge

wave oscillator over 1-hour chart - click to enlarge