AUDUSD: Short opportunity.

We are still looking for a short opportunity on the AUDUSD as it seems to be trading within a WXY pattern.
Our short scenario is valid as long as the red line is not reached.

P.S: This content is for educational purposes and discussion.

Good luck.

Kommentar:

Kommentar:

The C wave seems to be unfolding to form an ending diagonal, so we changed our entry to be the low of wave 4.

Kommentar:

We can see a contracting triangle as a 4th wave, we can say that we have C as 5 five waves impulse.
We are already at an important zone for selling, our entry is optimized as shown below:

Good luck.