Elliot Waves Signal
Medium term trade.
TimeFrame = 1Day.
Elliott wave Signal = Buy at current market price.
Risk Reward Ratio ~ 10.0
Elliott Medium term target for fifth wave (v) up at0.8530 area
Stop will be below of previous support at 0.8170 area.
AUD/USD Elliott Wave Analysis :-
This is AUD/USD Elliott wave alternate count with a bigger time frame.
We have a limited upward resistance but still from our calculation the risk is in medium mode so there is still high probability that our target reachable.
Our target for wave v up is at 76.4% of fibonacci expansion area and that is around 1.8550area.
Below is our illustrated chart for our altenate AUD/USD Elliott wave count.
From: Elliot Wave Signal Prognosis