Keeping it real simple, AUD/USD finished last week with 5 waves up and a small abc correction. And you know that according to the Elliott Waves principle, after retesting the previous wave 4 with an abc correction, we always expect an impulsive wave and that is exactly what ended up happening. For now, we are waiting for wave 5 (from the new impulsive wave) to form which could be an amazing quick buy opportunity for a 50-80 pip trade.
First target: 0.79641
Second target: 0.79937
First target: 0.79641
Second target: 0.79937