AUDUSD is correctly in a rising wedge. This move seems to be very much corrective, so I am expecting a sharp drop from it soon. COT Data shows a decent amount of longs getting pulled and shorts being added.
Option 1: We fall from the current price
Option 2: We run the next high then continue to fall
What do you think?
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Option 1: We fall from the current price
Option 2: We run the next high then continue to fall
What do you think?
Like, comment, and follow!