AUDUSD - SHORT Bias remains the same as previously.
What are we expecting?
- USD Strength -AUD weakness = AUDUSD Short Trades.
What is our confirmation?
- Price has formed an ABC Pattern in which we have seen big wick rejection from structure levels in wave C.
- DXY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken as this will confirm our wave c theory as correct.
- Simple Break & Retest for added confluence.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
- 0.786 Fib levels for targets.
What are we expecting?
- USD Strength -AUD weakness = AUDUSD Short Trades.
What is our confirmation?
- Price has formed an ABC Pattern in which we have seen big wick rejection from structure levels in wave C.
- DXY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken as this will confirm our wave c theory as correct.
- Simple Break & Retest for added confluence.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
- 0.786 Fib levels for targets.