#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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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.