This is the update of the situation we had on AUD/USD. The first three green rectangles indicate a short in the market approaching. There after the market confirmed the move to the downside with the break below structure. After we got the break lower, in this area I monitored the pair waiting for a three step confirmation before taking the short (which is part of the strategy I use so I can't say it here because it's part of the mentorship program). My take profit levels are depended on FIB levels and imbalances in the markets. I do expect this pair to continue to the downside to go and take out the lows at around 0.77610 unless we get a shift into a buying pressure market. After the sell move has been completed I will monitor the markets to see if the next move will be a bullish move or continuation to the downside. I will keep updating when the markets have completed it's sell cycle. For more detail on how the strategy works you can send me a personal message and I will respond to each one of you. Good luck and remember to always use a proven profitable strategy. Always remember to use risk management.
Trade closed: target reached
