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Aug 24, 2021 3:16 PM

AUDUSD LONG TO $0.75 Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD LONG TO $0.75. After the huge selling pressure on AUDUSD these past few months, sellers are slowly losing momentum. I am now expecting price to consolidate & accumulate buy orders for the rest of this month. Expecting one more small wave (Wave E) down towards 0.707 as a liquidity sweep before market moves up. This move down will not happen straight away as the market is looking to trap buyers in at current market price.

I will be catching this move on behalf of myself & my Account Management Investors✅
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