AUDUSD

This chart is a 4 hr chart and from this time frame in the chart, one should be able to identify the 5,3,5 pattern (a corrective pattern) found in AUDUSD.Let zoom in from day 9 oct til current. The wave movement was a up wave with identified 1,2 and 3rd wave which is in progress..As shown wave 3 can be 1.618 or 2.618 of wave 2. And since that 1.618 (1.0353) had just been cleared, the pair now tries to retest that 1.618 level. If rebounded up, we can see 2.618 level be reached which is at 1.0443 level. If you would like a short ride of about 90 pips , one can enter at 1.0353 with confirmation candle stick pattern.