#AUDUSD 1 HR #ElliottWave Count

AUDUSD 1 HR Elliott Wave Count

The AUDUSD continues to make lower lows and lower highs with the last lower high at .68755.  I am still thinking lower toward .6750 as .69343 holds.

AUDUSD 1 HR Elliott Wave Count

#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

I am still showing the extremely bullish count here on the USDJPY.  A break of 109.789 will invalidate this count but I would still remain bullish on pullbacks as long as 107.652 holds. 

USDJPY 4 HR Elliott Wave Count

 

#EURUSD 4 HR #ElliottWave Count

EURUSD 4 HR Elliott Wave Count

If you are going with the Leading Diagonal A wave I posted on Twitter the other day then you could say that the circle iv wave is complete with the 5 waves down from 1.11735.  It is the exact same pattern as the circle ii wave down.  I have them highlighted in a grey box so you can see the similarities.

EURUSD 4 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

A break of .84524 would complete the corrective pattern but I am still looking for the .8392 area for the completion of wave (ii).  

EURGBP 1 HR Elliott Wave Count

#AUDUSD 4 HR #ElliottWave Count

AUDUSD 4 HR Elliott Wave Count

As I mentioned in the AUDJPY update the 7 swings lower could mean some other type of correction is going on here.  The circle b wav up could be turning into an expanded flat or there could be an expanded flat in the move down from .69343 highs.

.69343 will be important in this current bounce.  IF the pair turns lower again while holding the .69343 high then we could go with the expanded flat in this current move down.  Above .69343 then the circle b is probably the expanded flat.

Hope all that made sense.

AUDUSD 4 HR Elliott Wave Count