AUDUSD 4H

Not much has changed since my last analysis. Market made nice move to upside on Friday so no bearish weekly candle was formed.

• Market made 5-Wave move to the upside after double bottom on weekly chart
  
• Looks like the correction of wave 2 has ended and bigger wave 3 is about to start
  
• Market landed on the pip at 61,8% Fib level, small SL
  
• Trade already on BE. Now just let's wait and look for other opportunities
  
• Target is next strong horizontal resistance on daily chart
  
• 
  

Just for educational purpose. This is no investment advice. Learn how to trade on demo account first before risking your own money.