lafayettej

no more longs on AUDUSD until inevitable correction.

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
we've achieved a 3 wave uptrend that began from the first of October. now we are yet once again in an overbought position and any new longs should be taken with precaution if not avoided altogether. I believe for this upcoming week we will see a dip in AUDUSD or probably a new downtrend.
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