Break and retest idea on EUR/AUD for 120 PIPS
120pips movement to the downside
121 PIPS to the area of 1.7000 is waiting at the liquidity zone
Looking for liquidation on the current level of consolidation then I am looking for the move to the downside once retail trades are liquidated on the level of the sell zone which is where most traders will have stop losses for orders for shorts. A minor pullback into the sell zone will be my confirmation for the sell to the downside for a trend continuation. We...
A short position on EUR/USD , overall downtrend on the pair you can see retail traders had pushed down the pair 1.7208 before collecting the liquidity at the zone above as the big intuitions usually do to counteract their longs from 1.17552 and then adding more shorts from the 1.17552 area to make a push to the downside to the 1.7000 area. The red box indicates...
A short position on EUR/USD, overall downtrend on the pair you can see retail traders had pushed down the pair 1.7208 before collecting the liquidity at the zone above as the big intuitions usually do to counteract their longs from 1.17552 and then adding more shorts from the 1.17552 area to make a push to the downside to the 1.7000 area. The red box indicates the...