AUDUSD Price Action for Upcoming Week.

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Long likely from week open, retracing between 50% & 78.6%, but closer to 62% IMO, to fill the current hourly range. From there we will likely see a strong bearish move, filling the bullish range created after the "flash crash." Exactly where that dip will stop Im not precisely sure, so use appropriate risk management when approaching a long after the drop into discount. I would go long at week open and then have shorts ready in the premium zone, AUD news coincides with these moves. GBPUSD is very similar, w...