AUDUSD Short City
Short term, I'm looking at a bearish wave 2 on a 15 second TF that has confluence with a wave 3 on the 1 minute TF at .8782/83. Based on the nature of the waves, I'm expecting to see a small bounce at .8782 to begin a new wave cycle on the 1 minute chart to complete the wave 3 on the 15 second TF down to .8744. The 5 minute TF wave 3 terminates at .8745, so short term down....long term, not expecting too much more downside past this level before I see bullish PA up to at least .8950.
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