AUDUSD look for this correction to complete and continue short
Hi traders:
Many USD pairs are looking really promising, but do need a deeper pullback and correction to form before the sell momentum cones in.
Here on AUDUSD, we have a confirmation channel structure from the top, and we see a strong bearish move to the downside.
That kind of impulse do need a larger continuation correction to develop in order to give me extra confluence to enter more short.
I am waiting for the price to complete the structure and enter from the top of the correction.
Thank you
Many USD pairs are looking really promising, but do need a deeper pullback and correction to form before the sell momentum cones in.
Here on AUDUSD, we have a confirmation channel structure from the top, and we see a strong bearish move to the downside.
That kind of impulse do need a larger continuation correction to develop in order to give me extra confluence to enter more short.
I am waiting for the price to complete the structure and enter from the top of the correction.
Thank you
Note
Note
Price moved up more, but in a corrective fashion. I will see if a strong impulse break down from that channel and see any lower time frame opportunities to enter.Note
Note
Price form a nice bearish correction, broke out of it impusively.
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