Anticipating a potential long move with the AUDUSD in the near future.
As noted by my Elliot Wave markings, this pair has completed a 5 wave impulsive move down to 0.61868. Potentially now in an ABC corrective move I am expecting price to reach 0.64167 with a bullish divergence in which I will start to look for potential long setup to ride the C Wave of the ABC .
I hope for price to hold nicely at fans with some sort of rejection candle to cement my long bias.
As noted by my Elliot Wave markings, this pair has completed a 5 wave impulsive move down to 0.61868. Potentially now in an ABC corrective move I am expecting price to reach 0.64167 with a bullish divergence in which I will start to look for potential long setup to ride the C Wave of the ABC .
I hope for price to hold nicely at fans with some sort of rejection candle to cement my long bias.