Expecting retracement
Comment:
there was a long impulse wave. We are expecting a correction to 0.382 level. It's not the best RRR but it's likely to bounce of the trend line and retrace than making a new low with no bigger retracement at all.
Comment:
At the present market condition i'm extremely bullish on the USD.( There are good EUR/USD setups) I cut half of my AUDUSD position. If you have this trade open maybe you want to consider your trading size.