AUDUSD 4H

Not much has changed since my last analysis. Market made nice move to upside on Friday so no bearish weekly candle was formed.

• Market made 5-Wave move to the upside after double bottom on weekly chart
  
• Looks like the correction of wave 2 has ended and bigger wave 3 is about to start
  
• Market landed on the pip at 61,8% Fib level, small SL
  
• Trade already on BE. Now just let's wait and look for other opportunities
  
• Target is next strong horizontal resistance on daily chart
  

Just for educational purpose. This is no investment advice. Learn how to trade on demo account first before risking your own money.