AUDUSD Still Downside, Watch for this consolidation to sell
Updated
Hello traders:
AUDUSD has a strong bearish impulse phase from the previous, higher time frame correction
W can see price clearly broke out of the structure impulsively, good signs of bearish momentum.
Latest development show us another consolidation into an expanding structure, potential further bearish continuation price action.
Watch for sell entry when correction finishes and look for entry down to previous lows.
Thank you
AUDUSD has a strong bearish impulse phase from the previous, higher time frame correction
W can see price clearly broke out of the structure impulsively, good signs of bearish momentum.
Latest development show us another consolidation into an expanding structure, potential further bearish continuation price action.
Watch for sell entry when correction finishes and look for entry down to previous lows.
Thank you
Note
Price is impulsing down, watch for further correction if previous lows can be broken:Note
Price hits the previous lows as expected, and no further bearish price action
instead, bullish reversal on the lower time frame
confirms the end of the bearish move
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