This is the last of my dollar pair forecasts and like all the rest I'm expecting a short trade on the Dollar index
and therefore a long trade for the Aussie. As always we never know when the move down is complete until it is but I'll be taking any long trade set u I see from this price level. We'll see if it pushes on through the trend line
to give us a larger trade up to the channel top. That's why the trade is worth taking the chance on. There is a high probability on getting a minimum of a break even trade.
I'll update my ideas as they develop
First rule of trading - Protect you capital
Any one trying to learn Elliott Wave
Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.
You can also follow updates via twitter (link from my TV profile)
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve Nixon