My Target Currency Pair #1 For Oct/Nov 2010

The Australian dollar has recently marked a new historical high over the US dollar. And from the looks of it, it seems that the AUDUSD pair has still a lot of legs left to move higher.

In its 8-hour chart, the pair has been trading on a well defined uptrend for quite some time now.

The 8 hour Chart (dated 23 Oct 2010) apparently shown that the pair has completed its Elliot 5Wave phase which started from ending of August 2010 all the way to Mid Oct 2010.

And Now it is undergo the ABCD correction.

The Phase A & B of ABCD correction seems to emerge. Now its waiting for completion of the remaining Correction Phase.

A Zoom on of the Correction Phase is shown below.

The correction is expecting to complete near end of Oct 2010.

Or may extend to early of Nov 2010, if the Correction turn out

to be a complex Correction.....

Get Ready your ARMS and ready to Fired when the Next

E-Wave begin around this Period.

Expected to have a Big PIP Gains of possibly more than

1000 pips for the Next Wave, that can possibly last to

as long as another 1.5 to 2 months, (estimated)...