In my post from October 27′th:
(http://theelliottwavesufer.blogspot.com/2010/10/audusd-we-should-see-one-more-new-high.html
I wrote that we where tracing out a flat correction (see the chart below). This flat correction evovled perfectly and we have made a new high for the five wave rally that began at 60.73 in November 2008. This rally is now in wave (v) of v of 5 and a top could be in place any time now.
I would wait for a five wave decline and sell the following three wave rally with a stop just above the start of wave 1 down. A break below 98.57 would be a very good clue, that an important top is in place.
Comments on this entry are closed.