Short now, SL at 0.7060 and TP at 0.6950. Good risk : reward. Fairly aggressive trade. I train traders to be successful full time forex traders at : www.TheForexArmy.com
If you're going to take a position for the week, short now. Stop loss : 1.4660 or if you want something riskier, above last high at 1.4230 Take Profit : 1.4050 I run an exclusive forex group training full time forex traders at www.TheForexArmy.com
I do advanced elliott wave analysis for the biggest banks and hedge funds in 3 different countries. There's a lot of confusion on what a proper elliott wave count is for FX:AUDNZD and I see a lot of people making mistakes here. So here's what the big banks are using and I've written an explanation for each level that I have displayed. Share this chart with...
FX:GBPUSD Graphical Elements : Bearish descending channel stretching back to 2015 July Elliott Wave Structure : We're seeing a wave (5) ((3)) push down below fractal resistance at 1.4640 I specialize in Elliott Wave analysis for leading banks and hedge funds in 3 different countries. I also run my own trading community that specialize in training successful...