Following the EW principal we have a beautiful set up coming up, it is our recommendation to wait until price has finished wave 4. Then you can sell to wave 5 which should be the same length as wave 1.
Happy trading and have a good weekend.
Note
Trade Idea cancelled, after reviewing DXY it's clear we have more downside. This in turn will cause AUDUSD to be bullish.
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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.