Expecting prices to retrace up to the BOS line and then down to the WKLY DOL
Classical Wyckoff Accumulation Phase's end is in sight, potential Market move for upcoming days, expecting Higher Australian Dollar.
Expect prices to break the upper side of the channel. However, entry should on a retrace near the channel.
Currently we are in the Wave 5 of Wave 1. Waiting for completion in next few days then we should be start of the wave 2
Our target for AUDUSD is around 0.68 in the coming week or two. Currently, Wave5 is in play which expected to go below 0.68
As we can see from the chart, we are in correction, and expecting this correction to continue in next year as well, Our expectation prices to move within the channel. By end of 2019 we can expect reversal of the Oil prices.
The current Downward Cycle of AUDUSD is expected hit around1.618 fibbo level well below 0.70. When I believe during current down cycle.
Wave B will complete soon then final wave toward south starts. Stay Tune for more update