zhipengcfel
Long

Trading opportunity for AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUDUSD             breaks out of the resistance level at 0.75 and confirms a nice cup and handle pattern. From elliott wave analysis, it will continue the correction for going up.
It is a strong sign to go long with SL at 0.745
TP1: 0.76
TP2: 0.781
TP3: 0.81

Good luck for everyone!
I like your count, it appears to be classic EW flat,zigzag,zigzag to Y then return to down trend.
Do you have an updated view ?
Cheers
John
+1 Reply
zhipengcfel johnm600
@johnm600, Yes, It is a complicated correction. But I do not think we are now back to down trend. The current wave looks like a (C) wave up.
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