Here is the AUD_USD 1 hour chart. The 1.3800 area was the resistance for this pair on 3 different time frames and the hour chart was a Fibonacci 3.618 extension from the "A" wave, so it can't extend from here without a sizeable pull back. I had a market order in to sell at 1.3800, so I am in short. Based on the wave structure, I don't think this is an impulse wave up but rather a triple 3, and a triple pattern is the maximum allowed by Elliott Wave rules. This means that this pair should go much lower and make at least a new medium term low.
