on the daily chart price has been on a steady rally breaking previous bearish structure where i witness resistance levels now acting as support.
this upside movement is due to price finding demand around the 0.63700 to 0.62800 price areas with the most impactful price being demand at proximal price 0.63500 which is currently in control of price.
this increase in...
Looking for price to fill liquidity after running stops above the previous high. The FED Jackson Hole Symposium should give some momentum to the market place.
Audusd has been very bullish and is now at a strong resistance line....from here im expecting a fall.
I don't think it will drop so far so trail profits.
price is approaching that liquidity/ institutional area of supply, wait for wicks to reject this zone of $1360.00 before taking any shorts, many retail traders were probably stopped out and liquidated their funds, so this could be a key reversal area.
