EWA: AUDUSD 27 Feb 2018
Possible beginning of a 3rd wave lower although could still remain in a cyclical bull cycle.
Aussie is stuck in a range and we're currently at the top of it. Sellers presence in the last few days are apparent.
I would go for a conservative position with aggressive risk management to protect my position if buyers re-enter aggressively to break the range.
For now, there's no sign of it yet and so, I would go for a possible medium term correction.
Aussie is stuck in a range and we're currently at the top of it. Sellers presence in the last few days are apparent.
I would go for a conservative position with aggressive risk management to protect my position if buyers re-enter aggressively to break the range.
For now, there's no sign of it yet and so, I would go for a possible medium term correction.
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