One More Wave Up Before A Big Reversal

A text book corrective structure has formed on the H1 time frame AUDUSD. When price breaks the low of wave 3, I will be looking for reversal signs to trade this structure to the upside. Thereafter I am expecting a larger move to the downside to complete a structure formation on a higher time frame.

Join our trading signal service to receive the exact entry, stop loss and take profit levels for my trades.

Happy trading!
Linton