AUDUSD look for this correction to complete and continue short
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
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
Note
Note
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.Note
Note
Price form a nice bearish correction, broke out of it impusively.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.