AUDUSD waiting for long after wave 4 and wave 5 completed

٢٧ فبراير ٢٠٢٠

AUDUSD still have one more leg to go up before going down.. even tough my counting shows up until fibo 38.2% but i'm not ready to entry yet.. based on my observation this pair currently forming wave 4... and this wave 4 might be possibily end around fibo 38.2%.. but the most importing my basic trade idea im waiting to long this pair at price shown in the chart which is at (0.65320) because i'm pretty sure the market will bounce back hard when reach that level area.. if the price able to drop until that level.. im expecting 4 to 5 wave degree was completed around that price.. that might have a good strong momentum to goes up... so basically with current market im still observe this pair and waiting.. TQ