AUDUSD potential Bat Pattern; Elliott ( Trend Continuation )
Currently we have a nice impulse leg established in our 3rd wave. Price came up and reversed perfectly on the .50 to establish our B point. The Fib from A to B price pulled down again to the .50% level to give us C, a higher low. Two things can happen, if price breaks new resistance @.74590, ill look for entry at the completion of the BAT pattern PRZ. However if price cant break that resistance level we could see trend continuation earlier on. BC wave projection @ 200% is marked in confluence with the completion of the harmonic for ideal entry back with the trend.
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