AUDUSD Can Push Lower, Wait For Sell Setups

By jojofang0901
Updated


From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame.
AUDUSD Short Term Sell Forecast


Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here.

This week, wait for the correction to complete, to confirm another impulse phase on the lower time frame.

Be careful price sometimes has tendency to turn the current correction to be a reversal, so break above the highs and form bullish price action will void this forecast and outlook.
Comment
Price is still forming bigger consolidation, still have potential to push down. Watch for bearish price action.
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jojofang0901

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