AUDUSD - The Big Picture. Elliot wave theory
This pair has been trending down for a while before the beginning of 2016 where we may have entered a trend reversal. We have completed the 5 wave motive phase and appear to be heading to a C point to complete the corrective wave before the pair moves higher. I would like to initiate a short position around these levels for a great R:R trade. Any comments are welcome!
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