Looks like AUDUSD has completed clean five wave sequence from 0.8125 to 0.7625
Wave Sequence 4 to 5 was captured as per 17th Oct2017 update.
Inverse AUDUSD = Is this USDINR as both travelled from 8th Sep2017 in similar fashion - later catching the bottom on 13th Oct2017 & exploded upside - The question here is can USDINR copy the inverse AUDUSD .
20th Aug2017 - Careful of the in the waves at 0.8065
17th Oct2017 - Inverse AUDUSD - Mirror Image of USDINR
We will book partial profits here at 0.7700 as it could be choppy move next & part of correction.
Next move we will plan to buy above 0.7730 or at retracement of current rise from 0.7625 to 0.7730
Looks like it will travel below 0.7625 -double bottom & current resistance is 0.7730 - magical resistance- where it turned down last time.
Any bullish move will be seen above 0.7730 or it dips below 0.7625 & later it starts bullish move.
There is triangle which can forming between 0.7730 -0.7625
Pierced downside below 0.7600 mark as suggested - still the pattern is not clear on downside so we hold shorts with trailing stops above 0.7666 - Move above 0.7666 shall be the early clue that downside leg is over & we are heading upside.
We got the required move above 0.7575 as suggested earlier. Next we will wait for retracement zone 0.7550-0.7555 - if holds then it could be the zone of interest for next moves upside.