Elliott waves structure on AUD/USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Bullish pattern with entry @ the 1H chart ( pin bar )

Target @ the next resistance (confluence with an emerging AB=CD pattern)

Risk: 0,5%
Reward: 15%

R/R ratio: 30
I think counter-trend trades need plenty of confirmation. I suggest waiting for further signals of a reversal. Thank You
interesting... but currently the price is below SMA100 (approximately 0.8935) and moving averages above sma50,40,30 etc ...) ... but it could be... FABIO
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