wsbza

Bearish Potential

Short
wsbza Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
3
The rally since 24th May still has a corrective look so far, hence I am thinking this could be a complex (w)-(x)-(y)-(x)-(z) combination.

Note:
(z) wave may have already finished as a-b-c zigzag or it may further develop as an a-b-c-d-e triangle
As long as price is moving below the extreme high of 0.78351, i am still looking for opportunities to trade for the downside
Comment:
The initial (x) wave could be a triangle

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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