AUDUSD - Get In On The Last Bearish Waves ðĻ
FX:AUDUSD
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Our previous bearish AUDUSD setup played out perfectly and we're currently down by over 700pips!
We are almost at the completion of this bearish move but we can still take advantage of a couple of more short plays.
Trade Idea:
- Watch for price to come back up to the structure/fibs to complete the ABC correction for minor wave 2
- Enter with stops above the correction
- No clear targets so we'll be tapering off positions when we're on minor wave 5 (see chart)
2D Chart
Goodluck and as always, Trade safe!
See below for our previous AUDUSD analysis .
We are almost at the completion of this bearish move but we can still take advantage of a couple of more short plays.
Trade Idea:
- Watch for price to come back up to the structure/fibs to complete the ABC correction for minor wave 2
- Enter with stops above the correction
- No clear targets so we'll be tapering off positions when we're on minor wave 5 (see chart)
2D Chart
Goodluck and as always, Trade safe!
See below for our previous AUDUSD analysis .
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