Shorting AUDUSD Is Not Favorable From The Current Level
AUDUSD is approaching the completion of a five-wave pattern after breaking out of a major corrective structure.
Once a five-wave pattern is completed, a three-wave in opposite direction should follow according to Elliot Wave theory.
That's AUDUSD should find a bottom soon and at least we should see a three-wave move higher in the weeks ahead.
Once a five-wave pattern is completed, a three-wave in opposite direction should follow according to Elliot Wave theory.
That's AUDUSD should find a bottom soon and at least we should see a three-wave move higher in the weeks ahead.