USDSEK Dual Support Convergence

USDSEK appears set to rally strongly given that it is sitting on significant monthly trendline support. If trendline support does not hold this count is not invalidated unless 6.30 is breached.

AUDUSD Detailed look at Wave 4 Red

The AUDUSD appears to be completing a Wave 4 Red. Waves A and C Green are almost at equality. Additionally, Wave 2 Red (shown in prior post) and Wave 4 Red have reached equality. The previous post has more info about where Wave 5 Red and more importantly, the next move, should lead.

AUDUSD long opportunity to set up amazing short entry

It seems we may be ready for one last thrust higher in the AUDUSD above the recent 1.084 barrier, but below the all time high of 1.108. This should present an incredible risk reward opportunity to enter into short positions. The resulting impulse should end around a conservative estimate of 2,500 pips lower.