Think it's time for a correction in AUDUSD.
> There is a lot of short liquidity waiting to buy at a higher price.
> Can see price driven to at least premium at 50% range, where we also see nearest clear daily swing!
> Weekly a lot under EMA, time for a green week bounce
> SFP on D1 chart
> There is a lot of short liquidity waiting to buy at a higher price.
> Can see price driven to at least premium at 50% range, where we also see nearest clear daily swing!
> Weekly a lot under EMA, time for a green week bounce
> SFP on D1 chart
Note
Update:The week is just beginning and we already ran so high, starting to suspect a lower high forming on high time frame (4, 12h) to lure in more shorts, filling the 12h fair value gap, then going for the highs, forcing shorts to buy at higher prices.
Trade closed: target reached
We reached our target way faster than expected they went for that liquidity fast. Curious to see how far up they take it, looking for shorts afterwards -> a lot of space below to fill after such an aggressive move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.