AUDUSD can change patterns. It is currently rebounding within the daily demand zone, but if it continues to rise, a weekly correction process may occur above the top. If so, it will be a correction pattern of an extended W-X-Y structure like the chart, or a pattern in which a daily rising wave is created, and even if it retraces again, if it gains support in the weekly demand zone, it will be a 1. weekly rising wave. 2. Conversely, if it fails to gain support in the weekly demand zone, it will become a descending pattern from the monthly supply zone, so a monthly downtrend will occur.
Trade fechado: stop atingido:
Because the bullish pattern has failed, this analysis is no longer valid. It is expected to come down to the weekly demand zone.