AUDUSD SELL IDEA
Hey Trading family! Hope this week was full of profits.
AUDUSD created very clean equal highs. Too clean IMO and is an area of interest for me.
I would anticipate a purge on liquidity in the London session or possibly New York open.
Now, this could be a reversal and price could target even higher highs, but taking in consideration this market has been bearish all week, I'd like to see a push down just below the most recent short term swing low early Thursday.
The green lines and red line are my take partial levels on a trade. You can ignore those
I already met my goals for the week but this has the potential to be a really great short setup.
We might be able to catch some decent pips early Thursday morning and anticipate consolidation or a reversal late Thursday/Friday.
AUDUSD created very clean equal highs. Too clean IMO and is an area of interest for me.
I would anticipate a purge on liquidity in the London session or possibly New York open.
Now, this could be a reversal and price could target even higher highs, but taking in consideration this market has been bearish all week, I'd like to see a push down just below the most recent short term swing low early Thursday.
The green lines and red line are my take partial levels on a trade. You can ignore those
I already met my goals for the week but this has the potential to be a really great short setup.
We might be able to catch some decent pips early Thursday morning and anticipate consolidation or a reversal late Thursday/Friday.
Note
Price Purged exactly how I anticipated. The M pattern was demolished and liquidity was grabbed. Price however, didn't push below the recent swing low, and rather respected it, but with all things in consideration, a very nice 55+ pips potential trade was available.Until next week! Happy profits everybody
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