Signal_Centre
Short

AUDUSD- Stalls close to the previous high. Look for a correction

FX:AUDUSD   Australian Dollar / U.S. Dollar
FX:AUDUSD
OANDA:AUDUSD
FOREXCOM:AUDUSD
SAXO:AUDUSD

AUDUSD - Stalls close to the previous high. Look for a correction.

Weekly – Completes a bearish 5-wave count ( Elliott Wave ). Expanding wedge offers a long to medium term bullish bias.

Intraday – The three-hour chart looks to have completed a 5-wave count to the upside. Bespoke resistance is seen at 0.6997. We look for a correction lower to possibly for a bullish reverse Head and Shoulder pattern.

Trade Idea
Selling at 0.6995
Stop at 0.725
Target at 0.6900
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