AUDUSD: One More Move Up Before The Drop

Price is in a corrective mode or perhaps in a consolidation phase. There is still a possibility for a move up after a retest of the structure line. I was looking at a possible Cypher Pattern for the long trade but the fib. requirement wasn't achieved. Nonetheless, the move up before the drop is very likely. On the contrary, price could drop after the break of the structure line.

Trade with care. Use a strategy you have tested and verified.

6.1.8. Family.
More Than Just Trading.