Ending diagonal triangle that has most likely ended. 3-3-3-3-3.
Criterias:
* We got a wave 4 overlapping the end of the first wave
* We got a final 5th wave which represents the throw-over.
* We got price action to pierce the end of wave 3.
Not completed yet:
* Price action did not pierce the end of wave 1. It was very close to doing so.
Wait for the correction to end.
Criterias:
* We got a wave 4 overlapping the end of the first wave
* We got a final 5th wave which represents the throw-over.
* We got price action to pierce the end of wave 3.
Not completed yet:
* Price action did not pierce the end of wave 1. It was very close to doing so.
Wait for the correction to end.
Comment:
Keep adjusting the TL (Circled in red) with the recent price action. Still corrective, most likely will continue until the AUD central bank meeting later on.
Comment:
Trade active:
Shorted here, stop slightly above 21.40 fib.
Trade closed manually:
Closed it off, not because i wanted to. Still believe its gonna retrace to the starting point. Gonna focus on some other pairs instead.