Wave-Trader
Short

AUDUSD Finally leaving correction

FX:AUDUSD   Australian Dollar / U.S. Dollar
2616 9 75
Hi fellows. AUDUSD             is finally leaving corrective zone. We are expecting continuation to the downside. If we see trend continuation pattern on lower time frame we will for short and i will update that.
Comment:
Comment: HI fellows. If you remember this pair then you know that i was anticipating trend continuation pattern on this pair after selling at top. So far so good it is forming flag on 4hr and giving us signal that price may continue further to the downside. In case price do not continue to the downside and change pattern formation then i will update about that as well.
Comment: Trend continuation pattern has broken clearly. I am expecting continuation further to the downside.
Comment: Trend continuation pattern on its way to the downside.....
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Great setup. Thank you.
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Excellent!
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Many thanks
Reply
@nglan, my pleasure mate.
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Wave-Trader TshepoKelebetse
@TshepoKelebetse, my pleasure mate.
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Thanks and waiting for the update
Reply
Well unless we get a powerful move down to break .73, this is a bad place to be shorting.

Were at 50% which is known as a high reversal zone, Strong daily support, Very strong weekly wicks in this region as well.

US holiday week so $ news is light and nothing to drive it up further (or like it did last week). Lastly, it would make sense for $ to start pulling back in preperation for the hike.
+1 Reply
@ddp922, Good Luck mate better to post your chart rather than explaining in air. Every one will get the idea what you are talking about mate.
+1 Reply
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