AUD/USD has risen from 0.6170 on Oct 12 to 0.6522 on Oct 27. It then pulled back to 0.6272 on Nov 3 before rally once again. In the H4 chart above, it seems the pair is attempting a 3-wave rally from 0.6170. If so, it also seem the second leg of the rally requires another internal down leg before resuming the 3-wave rally pattern. It is this down leg that may present a buying opportunity.
#1 Limit Buy @ 0.6412. Filled Thu, Nov 10, 12:21pm. Closed Out Fri, Nov 11 22:45pm $492.00
2 Limit Buy @ 0.6383. Cancelled.
#3 Limit Buy @ 0.6356 Cancelled.
All Stops @ 0.6260
All Targets @ 0.6620