Audusd has completed a 5 wace cycle to the down with wave 5 ending at a major long term support level. What we expect now is price to start a correction with a bullish divergence with RSI adding to that. I have already enter with a long trade, but another way to trade this market is to wait for price to break the resistance of the channel (black trendlines), wait for a pullback to complete wave B and finally enter the market for wave C.
I will come back with this setup if this scenario occurs.