AUDUSD - Bearish Move Coming?
AUDUSD is correctly in a rising wedge. This move seems to be very much corrective, so I am expecting a sharp drop from it soon. COT Data shows a decent amount of longs getting pulled and shorts being added.
Option 1: We fall from the current price
Option 2: We run the next high then continue to fall
What do you think?
Like, comment, and follow!
Option 1: We fall from the current price
Option 2: We run the next high then continue to fall
What do you think?
Like, comment, and follow!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.