Great chance to catch the 4th wave retrace for the move down to complete the 5th wave
We should build out 4th wave for a Flat on the C leg or dont be surprised for a truncated C if we dont break the Green trendline @ 7930
Fundamentals : Rates decision & Confirmation from Steven of further cuts to get The Aussie back to 72 DXY looks to have completed his retrace and will be looking for more highs 95+ which will support this trade
Even though we are in corrective it is the high side of a down trend ;)
T1 take off for 60 points (pay the rent)
T2 Roll the stops @ each pivot and see how low we can go ( look to 7820 as we complete another leg of the HTF triange)
* Please Note the aussie in renowned for STOP hunting and very wikky action .. wider stops to 7990 would reduce Market Makers taking you out :D
We should build out 4th wave for a Flat on the C leg or dont be surprised for a truncated C if we dont break the Green trendline @ 7930
Fundamentals : Rates decision & Confirmation from Steven of further cuts to get The Aussie back to 72 DXY looks to have completed his retrace and will be looking for more highs 95+ which will support this trade
Even though we are in corrective it is the high side of a down trend ;)
T1 take off for 60 points (pay the rent)
T2 Roll the stops @ each pivot and see how low we can go ( look to 7820 as we complete another leg of the HTF triange)
* Please Note the aussie in renowned for STOP hunting and very wikky action .. wider stops to 7990 would reduce Market Makers taking you out :D