AUDUSD - Institutional push for retail traders to buy

2 thg 4, 2023

It's Sunday so we are going through the next pair which we have spotted institutional manipulation on, AUDUSD. Those 2 wicks lured the majority of retail traders to take longs while being taken out on the downside. USD was supposed to weaken with the world reserve currency changing to the Chinese Yuan as Russia and Turkey started trading in Yuan instead of USD. Retail traders saw this and hopped on USD long positions, but institutions knew this. In the long run AUDUSD will strengthen to the upside but we can take advantage of shorts this week.

-InsiderForex