AUDUSD 5 wave cycle

with my elliot wave and price action analysis, the price of audusd will make a retracement before continue moving upward. this is because of the 5 wave complete cycle formation. besides that, the weekly candlystick last week formation is bullish marubozu.if possibile the price will make a retracement before continue moving upward.

look to the buying opportunity at the 0.7160 and 0.7210 support area.if there are some clue of the rejection candle and end of correction of wave.then we going to put order.

good luck!!



disclaimer
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this idea was created for the purpose of study only.all the trades will be at your own responsibility.
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dosudongos enter

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.