$AUDUSD Elliottwaves forecasting the rally and buying the dips

The Video below is a short capture from the Live Trading Room held on September 13th by EWF Technical analyst Hendra Lau. In the first part, Hendra explained some basic rules of money management that every trader should be aware of, how to avoid overleveraging by spliting the position size within the instruments of the same group. Later on, he presented the Elliott Wave setup of $AUDUSD, suggesting buying the dips of (X) blue pull back at 0.74537-0.73882 area. The price reached proposed tech area, find buyers as expected and made rally of approximately 320 points, breaking the previous peak from Agust 8th.

 

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