AUDUSD: Working down
Last month was not to able for trading - the consolidation had a several different counts. The 26th of June the bottom line of parallel channel has broken, after rebound for test to the bottom line and fast decrease next. It is classical structure for parallel channel of second waves. This structure usually indicate the sequence waves one-tow-one-two. There was wave 1-2-((i))-((ii)) and next one wave (i) and wave (ii). If this wave count right this pair will fall in thirds wave on few dimensions. It is mean that the pair will have a fast falling with good target 0.693 = wave (1) x 1,618
I have opened a deal today, when price broke extreme of wave (i) = 0.7588 with SL at extreme wave (ii) = 0.7647.
Good luck.
I have opened a deal today, when price broke extreme of wave (i) = 0.7588 with SL at extreme wave (ii) = 0.7647.
Good luck.
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