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AUDUSD look for this correction to complete and continue short

업데이트됨

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

코멘트

코멘트

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.