AUDUSD SELL trade outlook
On the chart is the 4-hour time frame Elliot wave count of Aud/USD.
This shows an opportunity to sell the pair after confirming that the impulse is complete.
We saw the start of a new impulse wave after the completion of the ABCDE triangle correction. Then, the wave 1and wave 2 of the new impulse unfold, followed by the wave 3 which ended with an ending diagonal followed by a triangle pattern; wave 4.
So, currently, I suggest that wave 5 has ended and I am looking for a selling opportunity.
Invalidation level is around 0.74500
This shows an opportunity to sell the pair after confirming that the impulse is complete.
We saw the start of a new impulse wave after the completion of the ABCDE triangle correction. Then, the wave 1and wave 2 of the new impulse unfold, followed by the wave 3 which ended with an ending diagonal followed by a triangle pattern; wave 4.
So, currently, I suggest that wave 5 has ended and I am looking for a selling opportunity.
Invalidation level is around 0.74500
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