Review AUDUSD 13-15 July 2011

My mistake to measure by small timeframe of A and B to decide where C ends. I should use the timeline from wave 1-5 to match wave A-C which is about 40 hours.. I suppose to close my AUSDUSD short on friday around 11pm which is the correct initial target around 1.0640

Long AudUsd - 20110715

low = 1.0526
high = 1.0802

Fibonacci extension:
38.2: 1.0907
50: 1.0940
61.8: 1.0972



Approximate Target: 1.0900-1.0920

Short AudUsd - 20110714

low = 1.0526
high = 1.0802

Fibonacci:
38.2: 1.0696
50: 1.0664
61.8: 1.0631

Expecting C at 1.0630-1.0640 around 4-5 am (SG Time)



There will be Fed's Ben Testifies at 10pm (SG time). It might trigger the big movement..