Hunt Down for the Kangaroo is about to begin (Sorry..Buddy!).
Last week downslide on AUDUSD apparently the 1st wave of downtrend which is already started.
Inverted Leading diagonal can be observed on this 1st wave pattern. Which mean it is a Start of a descending trend.
And Full 5 wave on this 1st leg very clear enough.
Yesterday (last night) surge do also quite clear on the pro's eyes, it was a correction move 5 - 3 - 5 zigzag of Wave (2), which is the C Wave do spike straight up, and its about to end. (or it may be already end)
The surge also manage to reach 78.6% retracement of Wave (1)....which is also a typical retracement of Wave 2 on wave 1 as a beginning.
The Best Part, we are about to enter wave 3....Big money here...he..he...
Invalid level will be 0.7385, as the start point of wave (1)
I'll brief you next on how to use the rifle & the scopes.
Mean time...you can shoot (short) anyway you want at current level price 0.7296 till 0.7385 (wave 2 can retrace 100% of wave 1)
SL slightly above 0.7385 ( 0.7390 should be enough)
Have a Good Hunt...Ladies & Gents.
I'll see you at lower price.