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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.