AUDUSD is positioned for a 4-hour bullish pattern. If successful, there will be an upward wave. Otherwise, the correction pattern will be completed only when you come down to the weekly demand zone.
Watch today for a continuation of this pattern or a similar shaped uptrend initial pattern.
Watch today for a continuation of this pattern or a similar shaped uptrend initial pattern.
Trade active:
It's going as expected. A rebound in the dollar is likely to take place early next year. Therefore, even if there is a correction, we recommend that you continue to look for buy opportunities. Your best chance is after the current uptrend ends, correcting to around the weekly demand zone, then riding a new wave.