I think the last leg up should have finished sooner except for the below.
There was some mixed news regarding a Trump-Xi deal.
First it was leaked that Trump actually asked his cabinet to draft an agreement.
Then the White House downplayed that scenario, as if not much had changed.
But in general it looks quite still, and I do think a wave 5 is imminent.
I see three possible support zones where I will be watching the price action for sings of reversal.
The middle green zone (with darker wave 4-5) is in my opinion the most likely scenario.
If the lower green zone is reached, the uptrend is at risk, even if it does bounce a bit.
I am a longer term AUD bear, anticipating a serious drop yet to come
Since then I have been looking for shorting opportunities such as this recent plan
Then some solid pips of profit came from two way action per this plan
My last plan was to go long again, which worked out very well
Which brings me to my current plan to look for a long scalp, and then short it hard
the Trading View is my Nation
the Moderator Tag is my Flag