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LeonSprey12
May 12, 2023 2:35 PM

AUDUSD Wyckoff Pattern of Distribution Short

Australian Dollar/U.S. DollarFXCM

Description

The price action of the AUDUSD has exhibited a Wyckoff Distribution pattern throughout April and into May. Presently, the price is in a pronounced downtrend, with the expectation that it will continue to decline until reaching the Order Block approximately at 0.65900. There is a possibility for further downside movement beyond that level.
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