Downtrend impulse is coming.
Updated
AUDUSDAt this moment, from my perspective, they're making ABC Pattern.
And I wonder which kind of C wave is forming?
They finished C wave then going all the way down when breaking correction or there's still a chance to go up to finish triangle first (ABCDE pattern) then going down.
When it break the low, I'll put it BE trade and see how far they can go because there maybe go uptrend. If the structure changed, I'll look for buy setup later.
Be careful. Trade with care.
Note
Be careful, this may happen. BE when breaking low.Trade active
I'm in
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.