AUDCAD Elliott wave Strategy of the Day (12/27/2016)

On 27th of December 2016, Our Strategy of the Day Video presented to clients viewed the bounce in AUDCAD as a selling opportunity in the pair.

Short AUDCAD (12/27/2016)

On 12/27/2016, pair was showing incomplete swing sequence (5 swings) from 11/10 peak & was missing the target (0.9545 – 0.9415 area). This suggested Elliott wave sequence was incomplete and bearish against 12/14 peak (0.9887) in first degree and thus our strategy was to sell the bounces in sequence of 3, 7 or 11 swings as far as pivot from (0.9887) peak stays intact.



Chart showing 0.9775 – 0.9793 as the area to end 7 swings from the low and first area for sellers to appear.

$AUDCAD Elliott wave Strategy of the Day (12/27/2016)


AUDCAD Pair reacted lower from our red box area (0.9775-0.9824) & broke below previous low as expected, as can be shown below 1 hour 1.1.2017 weekend updated chart, thus allowed our members to create a risk free position in the trade.

3AUDCAD 1H20170101145406

If you like to access our Trading ideas then Try free 14 day trial to access Strategy of the Day, Strategy of the Day & Live Trading Room setups.


Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *