Another contrary move expected in AUDUSD; bullish Purge & RevertGreetings fellow traders!
Bullish Purge and Revert in progress in AUDUSD. The purging Daily candle's high is broken and we have the confirmation. Long till 0.66400 .
Here is the daily chart for reference:
There is something very important to be kept in mind. We have lots of important news drivers coming in, especially NFP and the US Presidential elections . Market behaviour cannot be expected to be perfect during such volatile times. Play it safe or don't play at all. Wait for things to quiet down .
This week and the next, stay safer.
Disclaimer- All content is for educational purposes only and not trading advice.
Purgedliquidity
GBPUSD - Mission CompleteAs shown in the related idea below, the liquidity purge that we expected has now completed, this opens up the possibilities of a potential sell position. I will be looking for a substantial crossover of the structure before I consider my sell, my SL will be placed at the SFL level marked.
Sentiment - 52% Long
USDCAD - Structure Shift Here?The structure has shifted on USDCAD which is a good sign that a bullish move may be round the corner. I would like to see a further push down into the second level of structure to wipe out the break and restest buyers. Once this is out of the way and we see signs of rejection, we can look to get involved in a buy position as illustrated.