Elliott Wave EUR/USD

Dear Wackypete and ForexLion,

Happy new year to you both and I say let's be extremely successful this year and many more to come.

Peace and Prosperity,
JahDave

Here are my 15 minute and 1 hour current Aussie charts. I just think it is phenominal how many roads there are to reach same conclusion.

Good Trading Everyone,
JahDave

John Dave

Happy new year to you too.

John Dave

Happy new year to you too.

This went even farther than I thought it would but because the first move down looks to be in 3 waves then I am still pretty confident that this down move is almost over. I just went long on the Aussie looking for it to go above 1.0400

Good Trading,
JahDave

Here is my Aussie daily chart for you blokes........

I did not draw the topline, but this is a triangle from an Elliott wave perspective............That means that this is a terminal pattern after it breaks to new highs...................After this then who knows how low it can go..................Being a wave 1 down after that then it will probably retrace back up most of the way......... after that then it should accelerate to the down side...........all of this is on the daily charts, so good trading everyone.

The current Aussie situation is as follows............I am posting a 1 hour chart with this, and I think that this pair will shortly make a run up to the 1.0440 area before making a strong move down. Good trading everyone............... JahDave