AUDUSD Poised For 200+ Pip Move Lower

Dave Floyd Aspen Trading Group

Good morning traders.

It requires a fair amount of patience, but AUD/USD seems very likely to be setting up for a nice 200+ pip move lower.

Wave 4 triangle = sideways chop - traders worst scenario – don’t get head faked.
A break lower below .7385-.7350 points towards .7200-.7027

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Author

Dave Floyd

Aspen Trading Group

If he lived anywhere but Central Oregon, where the trails of the Cascades mingle with the warm sunshine and fresh air of the high desert, Dave Floyd would probably be one of those guys who lives and breathes trading and analysis 24/7.

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