For those not in you can sell any corrective structure on a lower degree.
Trade with care.
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Training : add to skype mangal457
If you examine the Weekly chart for this AUDUSD pair with the 12/26/9 MACD and/or the 5/34 AO, you'll notice that this pair is heading up into a big C wave (huge divergence Between price and either of these two indicators is evident). This pair started moving up in October 2008 and entire 1-2-3-4-5 move was corrected by ABC by August 2013. Then a new trend began DOWNWARDS after and X wave up with a weakening AUD. And now this move down (1-2-3-4-5) seems complete and an ABC is folding out. However, I might be wrong. Please check weekly chart. I have seen such divergence being nullified with another peak down. It's mind-boggling.
we will see news from Australia 2 hours later, probably there will be not good news, and we will go down again..
and if you are believer of news effect, today's are not effective ones for this key level..