what do u think about the audusd count i am following. comments will be appreciated.

Not wanting to spoil the party here, just thought that a bit more integrity is perhaps needed in a public forum. That is no Chinese wisdom, nor originated from the quoter who has very little inclination to provide proper reference. It is an anonymous quote. And Mike, since you live in London, you might find that this quote can be seen for sale as printed on some little cards in some tourist attractions in London, and can be easily found online.

Thank you Apipintime,

I still hold the view we may have 1 & 2 's from 1.7040 high.
But then, I may be completely wrong ........

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Hey AT,

Snowball aint doing to good in this heat

Hey Guys,

Here's something to consider in regards to EUR/USD... If the count below is correct then that means price is either about to start rallying in, or is already rallying in wave (v) of (5) of (C) of (2). That has some pretty massive bearish implications, because an EW pattern of primary degree is coming complete on multiple degrees of trend. So if ever there was going to be a wave that is truncated, this one would be a prime candidate.

So anyway, if EUR/USD fails to make a new high this is just something to keep in mind.

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Our Friend Bob Pretcher is on CBNC now... (15:44est) slot...

FIY

With the stock market selling off sharply into the close I re-established my long USD/CHF position after being stopped out and then added a short EUR/USD position, both with tight stops just beyond the high of today.

More later....

American-T

come on Franosh.I don't think we need to go that far.

looks like an expanded flat to me

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i am thiking the same way but i will go short euro/usd if i see three 5 mins canles below 1.4820 in euro/usd and above 1.0185 in usd/chf otherwise the risk of taking u out is still high. regards

I have been watching the same pattern. Hopefully there is another final wave 5 up to complete the move. Fib relationships put a stopping point right at 1.4910 which is where it rested earlier. Perhaps another slight push up to touch to the top of the previous wave 4 extreme at 1.4926 is in order. With a docket heavy with news, perhaps a release can give it one last push that diverges.

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I support a bullish view on the dollar also, nothing invalidate it so far, on the contrary.
I have the same view on EURUSD as posted below by Jeremy & Ourson.

Hey guys,

this might gives a clue where the EURO is might be heading.I think this count originaly was posted by Justin and now I updated it.

also can a C of 2 prior to 3rd wave down,of the ultimate market crash some were describing,be that sharp and spiky?
to me it just feels wrong for it to be a C wave!

hi Mike,
Wave C in an expanded flat extends "well above the end of wave A" (EWP p 46) and is a 5 waves move.
That being said, due to the sharpness of the move up, it could also be interpreted as an impulse whereby the end of this move will be truncated (pretty much what Justy just mentioned)
The implications in both cases are very bearish in the short (exp flat) or medium term (truncated 5th)

Eur/Usd

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Short-term

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