AUDUSD fifth wave(s) trade to upside.
this is a pretty obvious and consistent EW interpretation of the AUDUSD,that offers a VERY efficient risk/reward ratio to trade the uptrend LONG, but also an give an opportunity in the not too distant future to short.
the iv wave of III will tend to turn around within the proximity of the (iv) wave of one lower fractal. we have an inverse head and shoulders pattern on the hourly scale, ready to launch the AUDUSD upwards.
the iv wave of III will tend to turn around within the proximity of the (iv) wave of one lower fractal. we have an inverse head and shoulders pattern on the hourly scale, ready to launch the AUDUSD upwards.
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