The AUDUSD is in a corrective structure making a b of C wave , I would be looking to buy the break out of this down b wave structure. If you are in the sell (a trade call in our trading room) watch it as it comes to the trend line .
Trade with care.
Hi Guys in our business "a chart is worth a thousands words' so please post a chart with your idea rather that trying to explain it. Remember we all have different understanding of terms like "falling" "drop" "impulse" "rally" etc.
correction- a thousand* words
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Hi Anil. Here is my view on the ABC pattern which is running flat same as yours, But feel that B wave is not yet over since in running flat, it should be very close to start point of A wave. Appreciate your comments