AUDUSD-Thinking yesterday bigger triangle but that is small too
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MARKET COMMENTARY:
1. Yesterday i thought it could make a bigger triangle but it was an triangle and i didn't got that perfectly.
2. Now it completed the wave iii) or W) and we are in wave iv) to 0.7420 zone and there is a bearish trendline may took that as a resistance.
3. If it is a W0 got completed then we may expect for a bigger correction to 0.7600 also in a 3 wave structure...
4. I am expecting 0.7050 to reach as a 5 waves in wedge formation as i shown here for wave 1) or a).
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