FX:AUDUSD Australian Dollar/U.S. Dollar
Hey traders! A is complete on the 1H in addition to (possibly) the corrective wave structure. The impulse suggests a potential turning point, so any price action above the beginning of the drop will invalidate the trade; hence Sl is placed at this level. ALSO, this reversal is occuring in a special zone, the wave-(ii) s/r zone, which adds to the probability of reversal here. Happy trading!
Trade active: This one's live ladies and germs
Trade closed: stop reached: Deeper correction on the USD. Keep the losses small! Further analysis to come