SOLID ECN LLC
Solid ECN Representative
- Messages
- 515
AUDUSD Elliot Wave analysis
The pair may fall.
On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is forming, within which the wave (ii) of iii has developed, and the formation of the wave (iii) of iii has started. If the assumption is correct, the pair will fall to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7306.
The pair may fall.
On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is forming, within which the wave (ii) of iii has developed, and the formation of the wave (iii) of iii has started. If the assumption is correct, the pair will fall to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7306.