Hello ! Key points : New trend starting after ABCD pattern First pullback occuring on 50% retracement Volume on uptrend is higher than downtrend Consolidation taking place ABCD Pattern This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the...
In my view; Wave 1 began the reversal for AUDUSD Wave 2 was a pullback/retracement Wave 3 is in process, the longest wave, let's ride it out.