AUDUSD Wave Analysis
- Market made a new daily high which hat clearly 5 Waves and was marked as Wave 1
- Then we got a complex WXY correction to exactly the 61,8% Fibonacci level
- Price got rejected and formed a 5 Wave move to the upside, with wave 5 only slightly breaking the high
- Follow by an Wave A, overshooting Wave B and Wave C, which corrected in 5 Waves.
- We now got a 1h Pinbar BUY Signal, which is also exactly at the 61% Fib Level of wave 1-5 (Not shown in chart, to keep it clean)
- From here we should see a rapid movement of wave 3 with new daily highs in sight!
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