AUDUSD, WW, longterm
We have a correction after complete EWs as a bullish flag.
And we have 2 WW, last one completed just now.
There is a high chance of breaking the flag and going up at least to the last resistance.
So
1. 2 wolfe waves marked with green arrows;
2. Bullish flag with a strong support level that was rejected two times;
3. Complete EW before flag makes it a correction before the next long move
Few different outcomes in order of probability:
1. Bounce from the bullish flag, then retesting support and finally a free AUDUSD;
2. Breaking of a flag long;
3. Breaking of a flag short and then continuing bullish trend from support lvl;
4. Breaking all the levels, because idc thats why, probably it would be because of a triple highs.
Would consider close before the flag resistance and then reopen depending on price action.
Good luck.
And we have 2 WW, last one completed just now.
There is a high chance of breaking the flag and going up at least to the last resistance.
So
1. 2 wolfe waves marked with green arrows;
2. Bullish flag with a strong support level that was rejected two times;
3. Complete EW before flag makes it a correction before the next long move
Few different outcomes in order of probability:
1. Bounce from the bullish flag, then retesting support and finally a free AUDUSD;
2. Breaking of a flag long;
3. Breaking of a flag short and then continuing bullish trend from support lvl;
4. Breaking all the levels, because idc thats why, probably it would be because of a triple highs.
Would consider close before the flag resistance and then reopen depending on price action.
Good luck.
Trade closed: target reached
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