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AUDUSD
Thats still my favour count on AUDUSD; expect a three wave bounce in sub-wave two to get short around trend-line that will turn into a resistance.
GBPUSD fell lower as expected, but still expect 1.5900 test after a wave iv pull-back that may take place in coming hours. Pair remains in bearish mode while 1.59924 level is not breached.
OIL
Break and close below 89.78 support was definitely a catalyst for strong oil weakness which already fell through October 03 low. We are tracking an impulse now which should send prices even lower in sessions ahead. Now price is falling within wave (iii) that may hit even 85.00 later today. Anyway, pull-backs towards 87.00 will be wave (iv).
OIL 1h
Thats still my favour count on AUDUSD; expect a three wave bounce in sub-wave two to get short around trend-line that will turn into a resistance.
GBPUSD fell lower as expected, but still expect 1.5900 test after a wave iv pull-back that may take place in coming hours. Pair remains in bearish mode while 1.59924 level is not breached.
OIL
Break and close below 89.78 support was definitely a catalyst for strong oil weakness which already fell through October 03 low. We are tracking an impulse now which should send prices even lower in sessions ahead. Now price is falling within wave (iii) that may hit even 85.00 later today. Anyway, pull-backs towards 87.00 will be wave (iv).
OIL 1h
