#AUDUSD beginning of a bearish move
It seems that the price has reached its peak, completing a 5-wave bullish impulsive wave in a higher degree. As a result, we could anticipate at least an ABC bearish corrective move to the downside.
A signal to take a sell position or close previous long positions could be when the price breaks below a lower timeframe low, indicating a shift in market structure to the downside.
A signal to take a sell position or close previous long positions could be when the price breaks below a lower timeframe low, indicating a shift in market structure to the downside.
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