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jahhlee

AUDUSD - Bearish Move Coming?

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
jahhlee  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns
5
2
trendanalysis chartpattern
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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