psavaliya_
The AUD/USD recently broke below a key swing low, tapping into the liquidity in that area, and has since shown a clear rejection from that level. The next likely target is the swing high, where significant liquidity resides. Overall, it's a solid setup with a 15-pip stop loss.
This chart illustrates a potential bearish trade setup based on Smart Money Concepts (SMC). The setup begins with the formation of equal highs, which are typically seen as liquidity pools by institutional traders. These highs are swept, as shown by the wicks that briefly break above them (highlighted with orange circles), signaling a liquidity grab intended to...
There are multiple reasons to sell AUD/USD. The price has hit a bearish order block, indicating a potential reversal after liquidity has been taken out. This trade is primarily based on order blocks and liquidity, with a reasonable likelihood of the price dropping back to a lower level.
Aud will fall more and might take down that low before going up. This is the possible scenario where AUD might come to order block zone and fvg take out the high and then continuation to move down. Comment down what do you think !!