Our last AUDUSD resulted in a perfect 600pip drop! However, the drop is not over. Expecting one final wave lower before we reverse.
What we're looking for right now is for AUDUSD to go a little lower and then move up for the 4th wave. This wave should be a correction and we can mark it up and enter for the final 5th wave lower.
Trade idea: - Watch for wave 4 correction to appear - Mark up the correction - Watch for the correction to breakdown by using a trendline, BOS etc - 4th wave should stay below the blue structure - Targets: 0.6050