- AUDUSD is constantly making higher highs and higher lows
- The uptrend can nicely counted with the Elliott Wave Theory
- After we finished the bigger wave 2 we got some nice strong impulsive moves to the upside
- Have a look at my Analysis below how we traded this pair
- Market found Support at the rising trendline and is strongly advancing towards the recent high
- The moves to the upside consist of 5 Waves and in my opinion we are currently in Wave 3 which is extended
- The Extension of Wave 3 is the most common one and sometimes hard to spot.
This is for educational purpose only. This is no Investment advice. Always learn how to trade with demo account before risking your own Money.
