After completion of a triangle on a higher t/f I am selling AUDUSD right from the top.
First impulse wave down followed by an expanding flat (3-3-5) in the second wave as shown on the chart.
Seems to me the history repeats itself - there is a highly likely impulse down in the wave 1 of a lower degree, followed by 3-waves A and 3-waves B - should complete wave C up to 200 Fibo extension (projected based on A and B).
Not shown on the chart - if price goes through the price channel for the both flat corrections - I will add more sells.
Trade with care.
Stop loss above wave (2)
First impulse wave down followed by an expanding flat (3-3-5) in the second wave as shown on the chart.
Seems to me the history repeats itself - there is a highly likely impulse down in the wave 1 of a lower degree, followed by 3-waves A and 3-waves B - should complete wave C up to 200 Fibo extension (projected based on A and B).
Not shown on the chart - if price goes through the price channel for the both flat corrections - I will add more sells.
Trade with care.
Stop loss above wave (2)
end of wave 2 should be lower on the graph, below the extreme of wave (2)