Thursday, March 19, 2015

Aussie Looking Weak Across the Board

YAussie pairs look weak across the board, along with the euro and pound which I posted yesterday. If my AUDJPY count is right, this puppy is setting up for some big selling ahead.

The daily chart shows that it's been trading in a range for long time so a break of that range to the downside would be ideal for this count. But risk is so tight here at the wave 2 extreme that shorting now is also a viable strategy.


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