Wave structure of AUDUSD in time frame M15

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4H is uptrend => current is internal bearish
M15 is uptrend => Currently it is breaking through a strong low swing and turning into a downtrend
We can sell down to the Order block of the 4H time frame

Kommentera:

The price increased and swept past the previous peak but did not surpass the SMT then decreased and broke the bottom to continue the downtrend

Kommentera:

After breaking the strong swing bottom, it signals the end of the bullish wave. Today the price continues to decrease

Trade stängt: målet nått:

Today the price decreased to the 4H time frame order block

Kommentera:

We let the wave develop if the price breaks through the strong swing high (0.67595) of the M15 timeframe, we will look for buying opportunities.

Kommentera:

The price falls and breaks through the Low Swing Strong of the 4-hour time frame and creates a High Swing Strong.