Price needs to close above trend line Wait for correction to confirm upside
AUD has dropped further but I am still expecting a wave up as Expanded B-wave pattern has not changed We did see any signs of reversal at the butterfly 1.27 - 1.41 fin levels No watching price expecting it to reach 1.618 level to create a Crab pattern
Butterfly pattern in our Extended B-wave Flat Watch for signs of reversal between 1.27 - 1.41 fib level
Watch on lower time frame for buy set up to confirm C wave completion
C wave has a little more downside left before reversing Watch on lower time frame
Had an impulse up on account of Australian Interest rate release Wait for a correction above the trend line to confirm upside
B wave momentum is slowing down with signs of Divergence Watch on lower time frame for signs of reversal to complete flat pattern
B wave near completion Watch for sell setups on lower time frame
Daily Expanding flat completing Watch for buy set up on lower time frame
Wait for a correction to confirm the downside before selling
Watching how price move on the lower time frame to get an idea which pattern is being produced a correction above the trend line will change current analysis
We are now nearing the end of C wave Watching on lower time frame for reversal signal near the trend line