Bearish Cycle.
Updated
AUDUSD is continuing the cycle to the downside with the completion of wave Y in the minute(green) degree, currently we are in a correction in wave 4 of the submicro(orange) degree of which if we do not get a double(unlikely) then we should continue lower making Lower-Lows & Lower-Highs repeatedly(about 7 swings) after of which we will see a significant bounce to the upside.
Trade closed: target reached
We are now completing the 7th swing lower, the choppiness of the structure here is expected cause its at the end. we can now start looking for buys it will be good if we go lower than 30 Nov 2021 low. The bounce should take AUDUSD to about 0.7300 and can come most likely as a corrective 3 wave structure.
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