AUDUSD UNDERSTANDING STRUCTURE & WHY YOU WAIT FOR CONFIRMATION
Updated
Hello Traders, The AUDUSD is in a corrective structure which is still not complete. I am personally bias downside but if you watch any of my webinars you would know i like to have CONFIRMATION OF MY BIAS before i take a trade. I am short NZDUSD and stops are at BE. If you are in a short in AUDUSD and stops are in profit or BE keeping the trade is good idea but if you are not it's better to wait for a flag before you sell. This sharp move down could be a C wave in a 3 wave correction for more upside so unless it makes a flag or lower degree corrective structure to prove continuation selling here is very high risk.
Trade with care
Thank you for your support
See you my weekly outlook today.
Trade with care
Thank you for your support
See you my weekly outlook today.
Note
Hope this is a learning moment about how structure works !!Note
As you have seen waiting for confirmation before you sell is a good thing !! Note
Still looks like more upside 
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Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
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