Why I am still building short positions in AUDUSD
It has been a great run up on the AUD pairs, but there are more signs of stalling and over-excitement. Ever since 7330 we have not seen a 38.2 retracement on any pullback (red crosses), we've missed touching two weekly pivots now and a wolfe wave pattern has formed, a classic exhaustion pattern on a long running trend.
Wolfe wave targets point to 7445, but a save target is that 38.2 retracement at 7482.
Wolfe wave targets point to 7445, but a save target is that 38.2 retracement at 7482.
Wealth Building via Trading, Investment & Acquisition
Wealth Building via Trading, Investment & Acquisition
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