Hello.
Time Wave analysis update of AUDUSD.
I exited Sell when the 4-hour correction trend line of the downtrend was broken.
The reason is that the downward wave should continue to appear after the weekly correction, because it broke the last correction trend line again while making a new low.
Currently, AUDUSD has rebounded, but it is in a very important position whether it will be an impulse or a correction.
Above the upper part, a daily correction trend line of a downtrend is waiting.
If it does not move any further, the high will come down to the bottom again as the new daily correction trend line,
and if it breaks through the resistance and rises again, it could be the first Impulse of the upswing.
I would like to see a rising Impulse.
This will give you a Buy opportunity to reverse the trend.
May good luck be with you.
Time Wave analysis update of AUDUSD.
I exited Sell when the 4-hour correction trend line of the downtrend was broken.
The reason is that the downward wave should continue to appear after the weekly correction, because it broke the last correction trend line again while making a new low.
Currently, AUDUSD has rebounded, but it is in a very important position whether it will be an impulse or a correction.
Above the upper part, a daily correction trend line of a downtrend is waiting.
If it does not move any further, the high will come down to the bottom again as the new daily correction trend line,
and if it breaks through the resistance and rises again, it could be the first Impulse of the upswing.
I would like to see a rising Impulse.
This will give you a Buy opportunity to reverse the trend.
May good luck be with you.