Hi, I have already two positions. Will not add on this pair. If you are a intraday, you can wait for a pullback and enter, I'm expecting price to reverse soon as it will hit the red trendline and the end of wave C at the same time. what timeframe do you trade on?
I trade long term. 3-4 months.. from your explanation above,i understood you have already open 2 positions and waiting the price to hit the trend line and reenter for 3rd position at the break.. my long term target and bias is short for audusd.. but i am open to new opinions.
Yes, long term I'd also be short. I trade the 4H. Just noticed there's a a triangle which moves my target for the Potential Reversal Zone a little higher. Will look for a shor then. But I agree with you so far from whar the chart shows, after this wave C the down move might continue down quite a bit.
On the weekly yes I agree there's a big short. Though this week I think it will go to close to 0.79400. Then I'll get bearish. So far I'm long and in profit, just waiting for the reversal and I expect to be around that price. This would be my weekly view