AUDUSD - Rising Wedge Bearish Potential
As we can see AUDUSD formed a rising wedge and broke the structure of it pointing the pair to the downside. To further this bearish sentiment AUDUSD also rejected a key FIB level @78.6 after breaking structure and retracing.
Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse downward.
I set this idea to be invalid if price continues upward around 0.68750 with setting take profit at 0.66100 and 0.64656
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Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse downward.
I set this idea to be invalid if price continues upward around 0.68750 with setting take profit at 0.66100 and 0.64656
If you would like to see updates on this idea and many more please follow and hit the like button for more!
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