EUR/AUD: Elliottwave Structure suggests medium term low can be in place

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Revised short term Elliott wave view suggests decline to 1.515 ended wave (X) and pair has resumed the rally. Wave (w) is unfolding in a double three structure where wave (w) ended at 1.5378, wave (x) ended at 1.532, and wave (y) is in progress towards 1.5532 – 1.5582 before a 3 waves pullback. Near term, pair is expected to pullback in wave b ideally towards 1.539 – 1.541 area before higher again. We don’t like selling the proposed pullback. As far as 1.5165 pivot stays intact, pair is

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