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My long term view on AUDUSD is still long but we can try to use this impulsive correction to our advantage.
I will set a sell limit at supply. (You can also wait for price action.)
My second entry will be confirmed with elliott wave. I set my SL to the ending of wave (ii). (not finished yet)
Tp is based on the same length of wave (a).
If you agree with my analysis please leave a like and follow my idea.
Let me know your view in the comments.