Long after corrective move

20 באוג׳ 2017

First AUDUSD broke out of monthly/weekly wedge with great strength. Then it has been in a corrective move of that brake out. Which it now looks like it's breaking out of and continuing to the up side. Two targets; first the high of the impulse wave and then 78,6% of fib extension as these correlate with major S/R levels. But looking back in history with the price inside wedge pattern now broken this can go higher. Let's see!