AUDUSD leading diagonal play
Update2,So, It was a overthrowing wave B, Just took the long side.
Update, It looks like a slap on my face. If this rally is sustainable. It looks like a ongoing 5 wave up. Nonetheless, I view this rally as the last correction before the downtrend is resumed. But this rally could be very strong depends on the NFP, and it could very well over throw.
Very near term play, we could drop to as low as 0.7615. This could be a 5 or 3 waves structure. 3 wave is a bit more likely given the bigger picture.
Update, It looks like a slap on my face. If this rally is sustainable. It looks like a ongoing 5 wave up. Nonetheless, I view this rally as the last correction before the downtrend is resumed. But this rally could be very strong depends on the NFP, and it could very well over throw.
Very near term play, we could drop to as low as 0.7615. This could be a 5 or 3 waves structure. 3 wave is a bit more likely given the bigger picture.
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