AUDUSD Short Trade Setup

17 May 2021

We may have a complete correction between the green lines, and a reversal impulse. So, the next wave should be more downside after a correction. The structure between the yellow lines can be a complete correction. That's why I'll take a short trade when I see a valid trade setup, which is a correction after the break-out. That being said, my main expectation is a bigger correction before the downward impulse.