We are tracking the moves of AUDUSD since some weeks now. Have a look at the previous analysis to see the power of Wave pattern.
Now it is time to move stops to secure profit. Even partial profit taking could be done. Remember anything can happen anytime.
Keep an unbiased mind towards the market and stay open for the opportunities.
- Price is going strong in predicted waves
- We are at the end of minor wave 3 in the extended wave 3 (turquoise)
- Wave 4 should start really soon
- Correction of Wave 4 should be shallow, because wave 2 made deep correction
- We then are waiting for another buy signal to add to current long position
- Next push to the upside should go to at least 0.70600 where to next major resistance starts.
Now it is time to move stops to secure profit. Even partial profit taking could be done. Remember anything can happen anytime.
Keep an unbiased mind towards the market and stay open for the opportunities.
