AUDUSD Potential Elliott Wave third wave trade

Elliott wave's principle is that the market moves in waves. In a mouvement, there is 5 waves or impulses.

Here with AUDUSD, there is a clear double bottom reversal ending the bearish trend we were in for a few years. After the double bottom, we saw the first wave already completed and right now we are in the second wave, which is a corrective one. We should begin the third wave soon and right now AUDUSD is trading at the 50% fibonacci retracement, the 100 days moving average and the span B of ichimoku's kumo cloud.

To me this looks like the perfect setup to trade the second wave, which is the institutional wave and the longest wave of the 5.