Now we see that the AUDUSD moving in a channel, respecting it's borders, but we still do not know yet the real direction will be after this correction movement reaching the 23.6 % Fibo retracement.
If we need to continue with the elliott wave count, the correction wave (A) diagonal should break above wave (4), that condition did not happened yet, but we are...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
This Pair has been in an uptrend lately but we is experiencing a weakness in bulls. The structure we see is a reversal pattern and thus we are looking to short. Hope you guys have a great trading week.
