AUDUSD correction has been finished.
Hi there.
I think this chart has finished its correction in big cycle and it wanna build a new bullish cycle in bullish direction.
So it build wave 1 and its in wave 2.
Because wave 5 of 1 was extended, It may correct until wave 2 zone from wave 1.
But my suggest for you is that enter in buy position at the end of wave 4 with half of your position lots and set your stop at the start of wave 1.
And if correction was deep, you can enter at wave 2 zone from wave 1.
Thanks for your comment that guide me to be better.
Have a good trades.
I think this chart has finished its correction in big cycle and it wanna build a new bullish cycle in bullish direction.
So it build wave 1 and its in wave 2.
Because wave 5 of 1 was extended, It may correct until wave 2 zone from wave 1.
But my suggest for you is that enter in buy position at the end of wave 4 with half of your position lots and set your stop at the start of wave 1.
And if correction was deep, you can enter at wave 2 zone from wave 1.
Thanks for your comment that guide me to be better.
Have a good trades.
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