AUDUSD Elliot wave analysis - Full + Possible move
AUDUSD is on it's down correction mode.
It looks the final cycle 5 of lower degree is not yet complete. It is possible that it will go further down to make a lower degree 5.
If we consider the Grand impulse cycle, it looks the grand impulse 1 is complete, 2 is in the making. After that 3 could be steep upwards.
It looks the final cycle 5 of lower degree is not yet complete. It is possible that it will go further down to make a lower degree 5.
If we consider the Grand impulse cycle, it looks the grand impulse 1 is complete, 2 is in the making. After that 3 could be steep upwards.
Comment:
The stock is following the trend.
Trade closed: target reached