Hello traders:
Paying close attention to AUDUSD for the sell setups.
We see price has reached to the top of the HTF wedge structure, and a strong reversal impulse to push the price down.
Naturally after a strong impulse phrase, the market will be correcting, and we are seeing exactly that.
I would wait for this LTF correction to complete, and look for the sell entry down to the previous lows as a first TP, then look for further bearish price action to sell.
Thank you
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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.