AUDUSD Weekly Analysis 20-24 Mar

This was a hard fakey last week....lots of my colleagues bet on the short, including me....I got stopped out....hope others had their stops in place.....as with NZDUSD, not clear yet what price wants to do.....lets wait and see..

CATCH THE WAVE....AND RIDE IT!!!

Trade active:

Price is at decision point....choose wisely......ha ha..

Comment:

Waiting for the flag to verify more down is coming.....

Trade closed manually:

Price made a sharp correction and move down as expected...looks to be bottoming out so taking profits and watching for a continuation down or bounce.....lets see..