Saturday, July 20, 2019

#AUDUSD 4 HR #ElliottWave Count

AUDUSD 4 HR Elliott Wave Count

It looks like we may have wave 1 of wave iii of (iii) complete and wave 2 is underway.  This count would be invalid with a move below .69955.  If this does happen then I may reconsider the bullish count.

My first target up is .7340 which would be two equal wave up.  After the target is reached we will see how it is subdividing then and what the pullbacks are looking like.  The alternate count is an ABC up for a wave 2.

AUDUSD 4 HR Elliott Wave Count
AUDUSD 4 HR Elliott Wave Count