FX:AUDUSD   Australian Dollar / U.S. Dollar
2939 30 173
This pattern could break both way. If the first leg down is an "a" wave impulse to down side then it will break to down side, if the first move down is an 'a" wave in a 5 wave wedge (abcde) or three wave flat ( abc ) then we go up. In any case buy the or sell breakout .
Personally I am a bit bias to down side.
Use a tested strategy to trade and good money management.

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Comment: AUDUSD is in a consolidation, no longer making a triangle , i will wait for more development to decide which direction the consolidation will breakout
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+1 Reply
A new small w formed inside an unfinished big W.
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Appreciate your update Anil.
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I hope it goes down, looks like it based on the macd
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Hi! Anil any update on this AUDUSD, looks like its broke below the lower channel. Should we sell now or wait?
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Now the price is breaking down, if the price close like this, do you think it's a good moment to sell? thnx a lot!
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Very good! I'm still favouring the downside, but that's only because I'm short already...
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do you think it's still short?
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I think It will break to downside till 0.7171
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Thanks for the sharing Anil, currently approaching my sell area.
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