We got 2 scenarios that might be worked. Scenario 1 - We can enter now with a reasonable size since we got a tight SL, the risk is low. Scenario 2 - We may wait for a double top and see where will the pattern go.
It would be another chance for re-entering, please refer to the chart.
As it is lack of information and patterns, we use the small size to trade.
It could be a good chance for scalping. We expect that to touch the previous low to test another wave, the best scenario is to be forming a descending wedge.
AUDUSD is facing multiple resistances in this area, it will be a good chance to see it drop back to the retest level 0.618.
Oil is in the lowest position, would it be the best spot for buying?
AUS200 now is retracing. After the confirmation today we will see, probably a good trade this month.