[AUDUSD] POTENTIAL WAVE 5 IN PLAY....

Trend is bullish on H4 chart, and from a technical point of view, the pair is working "Wave 5", possible continuation of bullish movement around 0.7790. From this level we expect a potential bearish signal, but we do not have to sell on resistance, we look forward to a confirmation (for example, wave A development) and possibly take a short position on B. Do not forget not to anticipate the market and wait for confirmation with reversal pattern. Follow our next updates about this pair....

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OUR LAST EW ANALYSIS
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Comment:

Trend is bullish and we don't see reversal signals.

Comment:

New high for audusd this morning, and the trend is still bullish on major time frames. Today we will be looking for the next swing on H1, and if there will be the conditions, we will publish a new chart.
Thank you for your support and trade with care!

Trade closed: target reached:

BULLISH TARGET HIT!

Comment: