AUDUSD More Continuation Downside

Hello traders:

We can see AUDUSD has been pushing down since the beginning of April, and there could be more opportunity to sell.

After the initial bearish impulse phase down, price naturally formed into a correctional phase.

With a few swing highs and lows, price created an expanding structure, as well as a double tops.

The latest development indeed shown us a strong bearish reversal impulse from the top of the structure, and has confirmed broke below the ascending structure within.

Now we just need to wait for continuation correction on the lower time frame to confirm further downside move.

Thank you

Yorum: