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

FX:AUDUSD   Australian Dollar / U.S. Dollar

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
FREE Telegram Group -
FREE Trade Ideas -
FREE Education and Insights -
Video Content -
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out