The AUDUSD pair is trending down. The primary signal II trade on the on trending markets is to wait for a pullback after a breakout and enter trade on formation of reversal candlestick pattern.
Secondary signals is to mark up impulses and corrections and usually in the fx market there are three impulses and three corrections, the third correction is usually the biggest and we can await big impulses in either direction but we place trades in direction of the trend.
Entering AUDUSD: The correction on AUDUSD is projected to have three impulses and three corrections we await the formation of the third correction indicated by the green box and formation of bearish candlesticks to enter the trade provided the previous daily high is not broken.
ENJOY!
Secondary signals is to mark up impulses and corrections and usually in the fx market there are three impulses and three corrections, the third correction is usually the biggest and we can await big impulses in either direction but we place trades in direction of the trend.
Entering AUDUSD: The correction on AUDUSD is projected to have three impulses and three corrections we await the formation of the third correction indicated by the green box and formation of bearish candlesticks to enter the trade provided the previous daily high is not broken.
ENJOY!