AUDUSD - Rising Wedge Bearish Potential

As we can see AUDUSD formed a rising wedge and broke the structure of it pointing the pair to the downside. To further this bearish sentiment AUDUSD also rejected a key FIB level @78.6 after breaking structure and retracing.

Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse downward.

I set this idea to be invalid if price continues upward around 0.68750 with setting take profit at 0.66100 and 0.64656

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