market is in overall downtrend, but it created a upwards correction and retrace to a key market level where it got resisted, also broke a upwards movement structure, so we are forecasting we should see price drop down to the recent main Lower Low
Entry: 0.70042
Invalidation: 0.70494
Target: 0.68298
The trend has collapsed, is it time to sell? let's take a look at Aud / Usd
If you refer to the collapsed trend analysis, this pair is already showing early symptoms of a downtrend.
if the Elliott wave notation is correct, it is possible that the downtrend (forming wave 2) will last for the next few months with the target price at 0.62000
can we sell now? hmmm...
