Marvin
Short

AUDUSD - wait for the correction and sell

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 0 3
6 months ago
We can see that wave 3 has gone to the 161.8 extension of wave 1 which is normal. If it retraces now it should be a flat as wave 2 was a zig zag to the 61.8 fib. Thus we can expect the correction to go to either the 23.6, 38.2 or 50& levels. If wave 3 extends the correction is normally to the 23.6 but ocassionally the 38.2. Trading the correction is probably not a good idea. Wait for it to finish and sell.
6 months ago
Comment: Two bounces off the 23.6 and maybe coming for another.
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