AUD/USD - Prepare for a correction higher

This move down wich started in January is coming to it's end, as price is making the last wave 5 of an Ending Diagonal of a higher degree wave 5.

* Therefore I'm closing all Short positions.

** Wave 5 might have ended @ 0.702 therefore I'm opening a small position at current price (0.7052) and setting a Pending Order @0.6994 (Green Zone)

*** Stop @ 0.6885
If price moves below this level then the ending diagonal count would be invalidated because wave 3 would then be the smallest of 1,3 & 5.

*** Target #1 : 0.7300




PS : Don't hesitate to like and comment on my ideas !

Trade closed: target reached:

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