Audusd Topping out look 4 a pull back

Audusd should pull back into a forth wave then countinue its trend into its 5th wave with a target @ 1.0812 or the long term posideon Line purple.. i'll try and update to see how it develops

p.s only a close below wkly RR @ 1.03823 will confirm the pull back outlook and then rise in 5
but if u wanna be risky like me you can sell the pull back.

Trying to fine to tune and get in tune with future events  and positioning my self for what the market tells me.

Daily above

4hrs Below

Expecting a 3 wave decline in a 4th wave ABC structure  then a a possible 3-5-3 formation while 

the pair gathers momentum to push into its finial wave. wave 4s a know to be choppy 

so i am expecting a lot of whip sawing around. However with the Elwave guide lines wave 4 should not exceed past wave 1 which comes in @ 1.02775 which is also the July 11th 2012  high  resistance break out turn support 

Hrly below

on the hrly time frame  we are correcting as you can see with low Hrly and 4hr stochastic, while the daily stays bullish. May I add  the 1hr time frame stochastic is know to fail and hover in-between 30 and 20 line. So we have to watch price action to see  if we hit the 1.618 /2.00 bottom and turn higher next week.

However a break above 1.0396 which is also the 1.618 break out should confirm the forward projection.. i i I will be watching volume to see how interested the big players are in advancing to

1 Target: 1.0699 and further.

Inter market relationships 

What I am expecting to see in the coming week is bullish dollar to start the week. which should pull every 1 in. Giving the signals for a risk off environment, it will be so convincing that I might even be pulled in. 

Still I have to be strong and let Price dictate and let risk management rule. 

Therefore 

I'm  looking at equities to fall initially as fear grips the masses.

Yields should fall initially while bond prices raise in fear short term. 

long term investors should then begin to offer a better ROC and pull bond prices back down this should then turn fear in to anticipation of further gains in equities. inviting a risk on scenario. for what may be a final leg up not sure yet. will be watching the dollar index all the way. to confirm.

finally Looking for Gold to rise to support the Aussies

Oil to rise which should also put pressure on the USD

Copper to turn back up signifying world growth

Not to mention with this weeks not so strong data coming out from the US the knock on effect could take place next week as investor turn over the bad numbers and any further bad news might be the straw that snaps the caramels back. 

Along with the carrot and the donkey being any talk of QE but in another way????what!!!(*&%$£^""!!!!

This should give investors more confidence and weigh on the dollar

No real news untill the 24 july 2012

please see economic calendar above 

So key areas to watch 4 is a break out at 1.0405

or a break down below 1.0273/1.02957 which is the 4hr 55DMA

Below here Aussies is back in trouble for further  declines.

        BIG Up ur Chest!!!