Tuesday, July 5, 2016

Audusd: Are the Bears Finally Taking Over?

Before the BREXIT spike, Elliott wave had already shown us where the direction of Aussie is likely to be. After a completed zigzag pattern upside, it was just getting clearer that the bears will take a good stance at a point and probably dominate the Aussie in the coming months.

After the Brexit spike downside, we posted an analytical article where we expected the good pull back structure before joining the bears . You can read the article again. Just click HERE

The expected pull back thus started becoming more expansive and we follow it with the what we learnt as Elliott wave practitioners. We noted a Flat pattern which we expected to be contained below 0.7517. Read the update HERE.

On our FACEBOOK PAGE, we alerted our followers to watch the Aussie turning back to resume the downward trend. The critical part of it was that the Aussie was still moving fast upside. You can also like our FACEBOOK PAGE.



One thing we also noticed was the declining volume while the bullish move was still trending. It appeared that the bullish move would soon end and the bears will return.

This is the present position now.



These are the types of pattern you will spot when you learn how to use the Elliott wave theory to trade any market in any time frame.

Join us for the next online Elliott wave training and mentoring programme starting on 11th July, 2016.
 Book your space and request for training outlines by mailing forexmaster05@yahoo.com or sanmiadeagbo@yahoo.com
You can also subscribe to our trade set-ups/signals.
Cost of training: $200 or #25000.


These are the types of pattern you will spot when you learn how to use the Elliott wave theory to trade any market in any time frame.

Join us for the next online Elliott wave training and mentoring programme starting on 11th July, 2016.
 Book your space and request for training outlines by mailing forexmaster05@yahoo.com or sanmiadeagbo@yahoo.com
You can also subscribe to our trade set-ups/signals.
Cost of training: $200 or #25000.

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