Scenario on AUDUSD
At the end of this movement I see a final triangle forming after which an upward movement should occur, but since we still have relatively strong support at 0.63900, it is possible that the price could test this support and then after rejection the price could finally establish an SFP. Another scenario could be that the price rises immediately after the wave is completed, and for now it is just a look, nothing is finalized.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.