AUDUSD - 600pips down! Whats Next? What we're looking for right now is for AUDUSD to go a little lower and then move up for the 4th wave. This wave should be a correction and we can mark it up and enter for the final 5th wave lower.
Trade idea:
- Watch for wave 4 correction to appear
- Mark up the correction
- Watch for the correction to breakdown by using a trendline, BOS etc
- 4th wave should stay below the blue structure
- Targets: 0.6050
Full Chart: https://www.tradingview.com/chart/AUDUSD/JPngGTPX-AUDUSD-600pips-down-Whats-Next/
