AUDUSD Short: Drop The Bass!

Hey traders! A crab is complete on the 1H in addition to (possibly) the corrective wave structure. The bearish impulse suggests a potential turning point, so any price action above the beginning of the drop will invalidate the trade; hence Sl is placed at this level. ALSO, this reversal is occuring in a special zone, the wave-(ii) s/r zone, which adds to the probability of reversal here. Happy trading!

Trade ist aktiv:

This one's live ladies and germs

Trade geschlossen: Stop wurde erreicht:

Deeper correction on the USD. Keep the losses small! Further analysis to come