The AUDUSD is in a complex structure on the higher time frames (4 hour and daily). However I think that the 1 hour time frame might present a trade opportunity soon. IF we see a corrective move lower for a wave C. (scenario in purple) THEN I will be looking for a buy opportunity to target 0.735 zone. Buying AUDUSD from these levels is not what I like to do, So I will see whether this scenario becomes valid before I consider a trade.
Updates will follow.
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Updates will follow.
www.timstuyts.com
facebook/timstuyts/
