This is PIPO System there are 3 MA on chart this position is suitable for long position .
This is a PIPO system . Analysis is by 3 moving average 12 , 32 , 200 Price above 200MA Suitable for Long position
We are in the end of (3) wave Impulse / we wait to enter buy position
The Impulse wave is over with wave failure 5 . we are in correction wave A-B-C . I think that pair will go to slim zone . I show it with flash . this level is 61.8% Impulse wave and 200% projection A-B correction and 261.8% extension wave B in correction .
The Impulse wave is over . We are in correction wave (A)
Impulse wave AUDUSD is over . The first target is 50% of fifth wave .
The pair will make a bearish bat (harmonic pattern) .
The pair is in chanel , we expect that to go up from support level
The resistance level is 1624 , macd shows that price go up , we expect that price tuch 1624 then go down .