AU long idea AUDUSD

Looking for a bounce.
Employment report was meh, little better than expected.
Not much reaction, but at least not negative.
I think AUD is due for a bounce, lets see.

Kommentera:

Off to a pretty good start, but not a very impressive wave 3 yet.
Hoping to see a higher high today and hit that .7625 zone I have marked.
Of course it takes a while to turn a trend, but looking like a bottom at least (so far)

Kommentera:

Well it looks like Wave 3 finally came to fruition.
Exactly WHERE expected (.618 retrace) but not WHEN it was expected.
Sometimes you just have to be patient I guess.
Now I am looking for a wave 4 retrace to re-enter long.