Today we gaped higher, which was good for me because I was long at the time.
I book profit and went short near .9375 with a stop loss above the .9400.
5 waves down in wave 3 and we got an A-B-C (or wave 4) in a 5-3-5 formation.
We can now look for new lows below .8800 if this count is correct.
We also have the 2011 yearly low, daily 100SMA, RSI bearish divergence,
a shooting star, triple fib confluence and double top near .9400.
Also the USDx is looking to bounce (look below for more charts).
Note that we have the Fed on wednesday, so keep 'em stops tight
and try to get free as soon as possible.
You can also look to play AUD weakness via another pairs.
I, for one, is also short AUDJPY, EURAUD and AUDCHF.
Good luck!
I book profit and went short near .9375 with a stop loss above the .9400.
5 waves down in wave 3 and we got an A-B-C (or wave 4) in a 5-3-5 formation.
We can now look for new lows below .8800 if this count is correct.
We also have the 2011 yearly low, daily 100SMA, RSI bearish divergence,
a shooting star, triple fib confluence and double top near .9400.
Also the USDx is looking to bounce (look below for more charts).
Note that we have the Fed on wednesday, so keep 'em stops tight
and try to get free as soon as possible.
You can also look to play AUD weakness via another pairs.
I, for one, is also short AUDJPY, EURAUD and AUDCHF.
Good luck!