TradingEW
Long

AUDUSD resuming uptrend

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
141 11 6
(b) wave of zigzag retraced just short of 0.6182 & a sign of push up, resuming on impulse (c).
Adding positions with SL near 80% retracement
Don't usually trade corrective moves, but after 3 weeks of agonizing trading this zigzag from 10th Nov low, target (c) = 1.6182 x (a) finally reached - Exited all longs and by my wave count, going reverse from here.
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Moving into final leg v, target (c) = 1.6182 x (a) or more still hold.
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It's been an amazing time-consuming correction iv for the whole week, almost ready for resuming trend.
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Wave count intact & on track fowards target for trade exit and setting up reversal.
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Present wave iv may retrace further before resume trend - a chance for adding positions.
Longs from 0.7030 and target 07290 still hold.
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As waves evolve, wave iv is not yet over :
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very nice
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Present wave count - poised for the final leg (5) up on early next week for target 0.7292 or more.
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Busy Friday counting minor waves top the final top ................. for exiting positions and reversal.
Potential target now at (c) = 1.6182 x (a) @ 0.72924
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Sill holding longs on present (c) wave towards target near 0.7290.
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