AUDUSD Elliottwave Technical Analysis And Forecast On 22-December-2015: Reversal Or Correction?
22 December 2015, 05:33
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Talking Points:
- AUDUSD Technical Strategy: Temporary Bullish
- Elliottwave Count: Price is heading towards wave c.
As per our last analysis, we were expecting two scenario, one with bearish count while other suggest correction will continue and will trade higher to complete it's wave c.
With current situation and current price action suggest wave c. On daily chart too, we were able to incomplete structure and expecting higher price before down trend resume. Current price action surely suggest long position after had channel breakout, but our team conclude that current price won't have attractive risk:reward ratio. So we possibly be long but not with current level.
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