AUDUSD follow up

21 Tem 2016

For my previous post and context see link below:

Due to the fact that the lower time frames show a bearish impulse we might have to keep in mind that wave B in red might not be in place yet.

Short term I'm looking for a consolidation on the lower time frames for a potential sell trade. If we see a strong reversal then we have to adjust and wait for the bullish consolidation.


Updates will follow.

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22 Tem 2016

Not

I still like to see a significant consolidation of at least 3 waves before a high probability sell will present itself.