meghal.jani

A descending channel

Long
meghal.jani Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
1
This pair shows a typical expanding channel after an impulse. On the daily time frame, we are still in the corrective structure of an expanding triangle. I will have a large stop loss just in case we have one more impulse down and the "e" wave extends.
Comment:
Trade closed.
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