AUDUSD has been sideways for weeks. Pair tried to break trendline and it did broke it and then failed with massive red candle. This is starting of wave 3 and just like euro and i expect lot of downside. Targets are noted on the chart. It is multi week trade and i will be building position in this. Staying short audusd.
Comments
YeoKhoon
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good analysis in long term it will break beyond target 2