AUD/USD: Scenario for a possible continuation move higher

Elliott Wave Forecast Team ElliottWave-Forecast.com

AUD/USD possible bullish scenario

Watch for price to get below the equilibrium level first.
Wait for price to tap demand zone.
Watch for a bullish shift and bullish reversal signs in the demand zone.
Wait for all above to play out first then plan the sell entry, stops and targets with confidence.

If price continues higher above the range high without tapping below the equilibrium level or demand zone then trade setup is cancelled.

AUD/USD one-hour chart July 20 2026

A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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