AUDUSD@ ABC Correction Coming

FX:AUDUSD   Australian Dollar / U.S. Dollar
Audusd             has completed a 5 wace cycle to the down with wave 5 ending at a major long term support level . What we expect now is price to start a correction with a bullish divergence with RSI adding to that. I have already enter with a long trade, but another way to trade this market is to wait for price to break the resistance of the channel (black trendlines ), wait for a pullback to complete wave B and finally enter the market for wave C.

I will come back with this setup if this scenario occurs.

Like & Comment..!
Nice wave analysis!
+1 Reply
Thank you very much..!
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