AUD/USD might be in an expanding wedge as shown. If this wave count is correct, we might have a good shorting opportunity at the moment. However, my longer time frame bias on AUD/USD is still bullish.
Comments
timwest
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Wedge Patterns involve wave 4 overlapping wave 1... Perhaps you mean something other than an "expanding wedge"?
Navdeep_Singh
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Thank you for pointing that out Tim. My Bad. What I am pointing in this chart is the possible wave count. What's your opinion over this pair?