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Friday, July 30, 2010

AUD/USD Long Term Elliott Wave Count


if we have put in a long term top, then this rally should be a wave 2/B retrace, its just missed my 0.9080-0.9180 target band, but the decline is debatable as to if its the start of a decline

One clue would be the break of the RSI t/l, i suspect a break of the price t/l will see a break in the RSI t/l, and it should be obvious as some big bodied candles

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Statement – being right means nothing if you don’t profit from that call, anyone can make market calls and show analysis of the market, NOT everyone can take the risk and trade the correct trade to make $$$$ You are ALWAYS learning, never under-estimate the market, she has a way of hurting you in the most obscene places Let it be said, traders should trade and use their own judgement and opinions, if you agree or disagree with my analysis of the market then you and you alone will still need to make the choice of putting your money at risk with appropriate stops, i can not be responsible for any losses that come from my analysis. Questions can be e-mailed to: ewavenoufy@yahoo.co.uk

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The opinions and analysis offered in this website/blog are just my opinions of financial and commodity and FX worldwide markets, and should be considered just that, opinions, I am not a registered financial adviser, or an accredited financial Guru or professional