AUDUSD / LONG / 09.10.24

130
Monthly timeframe:

Price:

  • Price has completed a purchase test (ST - secondary test in phase A)
  • Price is delivered to the upper range of the range (UA - authomated rally) to remove AR liquidity (AR - authomated rally)


Internal liquidity can be:

  • Low of the previous month (PML)


Based on the above factors, we determine that the candle for October will be long.

Considering our long scenario, we assume that the first-second week of the month will be characterized by accumulation and manipulation within PO3.
Note
Week:

AUDUSD / SHORT / WEEK 07-13

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