AUDUSD look for this correction to complete and continue short

2020년 6월 15일

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

2020년 6월 15일

노트

2020년 6월 16일

노트

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.

2020년 6월 16일

노트

2020년 6월 18일

노트

Price form a nice bearish correction, broke out of it impusively.