stamoyo
Long

AUD/USD Plausible price action

FX:AUDUSD   Australian Dollar / U.S. Dollar
The pair is just competing its 5th wave of the correction which is an intermediate trend thus it has 5 waves. On weekly chart we can see a healthy 2-year-old trend ( even older ) that is undergoing with no signs of reversals or whatsoever kind of obstacles for it. After the 5th wave is done, we will be free to measure and predict the length of the new upside movement. So far it is kinda gambling to say where it is going to reverse or meet resistance but the competition of the 5th wave will be fact by Friday next week.
*Disclaimer: this is for educational purposes only*
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