AUDUSD Long Trade Setup

WaveAnalysis의
It seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.
AUDUSDElliott Wavehedginglongtradeshort-termWave Analysis
WaveAnalysis

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