AUDUSD 4H Long Elliott Wave
- Market made Weekly pinbar with Wave 1
- Wave 2 retraced back to 89% Fib level
- From there Wave 1 of Wave 3 started some days ago
- Since then market was in a corrective channel, after an anticipated fakeout of the channel the next impulsive wave started
- Currently at the beginning of Wave 3 of Wave 3
- Price Action on 4H with Engulfing Pinbar
- Entry was made on lower TF, with tight SL (10pips)
This is no Investment advice, just educational Analysis. Every strategy should first be tested on a demo account!
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