Previously AUDUSD was due for a down wave that was fast and sharp. However, the market has not protected that structure and price is beginning to seek a Weekly level Supply Zone. Therefore the structure has changed. I will continue to look for a sell but at higher levels. Meanwhile, this trade setup is presenting itself on a 4 hour time chart. I will look to long this pair as soon as price descends back down to my entry level.
We only react to the market, we don't predict the market.
We only react to the market, we don't predict the market.