AllMarketAnalysis_Am

Has (AUD/USD) started a 5-wave movement?

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
I think that this currency pair has started a big movement that will be in the form of 5 waves.
In my opinion, wave 1 is being completed and will soon enter the corrective phase.
The corrective wave that will start soon is wave 2, so consider that the best price to buy is wave 2.
Wave 2 itself will be in the form of (ABC), so note that if you use Fibonacci, pay attention to the numbers 50 and 61.8 and set your loss limit at 83.6
Be successful and profitable.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.