You can blame the volatility since last week. Whatever you wanna blame. Go ahead. Price action of Aussie dollar (AUDUSD) is ugly. It is not ‘healthy’ in my definition. Anyway, I have no position now. Yup, I hesitate to go short as well. Everything is just…messy. There might still be a little bit more downside , but, it is limited. We might be trapped into trading range again. Let’s see.
I am not a big fan of Fibo chicks , I am drawing on my chart just to attract more readers . LOL. Anyway, it looks like we are approaching so-called 50% retracement. I don’t care about this level , anyway. 🙂
Here is the…Trend Chart!
Here is the….CHART!