wstipp18
Short

Strong Breakout From AUD Weakness With Elliott Analysis

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
140 0 4
As you can see after hitting strong resistance AUDCAD             has turned around. We have also put in some nice wave structure patterns. With this breakout, I am expecting the third wave (if the count is correct) to shoot the market down to crush targets. I have entered at market with stops above the break out candle and targets at weekly support. The RR isn't great but the probability is. If you don't like the RR then wait for a retracement to get a better entry. However, since it is the third wave, there may not be a big pullback.

Good luck!
Trade closed: target reached: Easily hit targets after a strong downward move. A quick 1.1% in the account overnight :)
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out