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.
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