AUDUSD - P wave to break 66
AUDUSD is in consolidation at the near Supply Zone at 66.00.
Looking for a break to the overlying Daily R1 pivot at 66.30 and possible
move to the next Supply zone at 66.50.
A spike in Volume , will be beneficial to support a valid breakout.
Short term bullish bias.
Looking for a break to the overlying Daily R1 pivot at 66.30 and possible
move to the next Supply zone at 66.50.
A spike in Volume , will be beneficial to support a valid breakout.
Short term bullish bias.
Note
5pm candle was a false break, it should of been obvious with the low volume. No volume, no fuel. No fuel and price will not shift gears and move. It's the third attempt.
Look for a liquidity move lower and then the 4th attempt , should see the supply zone exhausted. Once again, look for volume to enter or surpass the VSA cloud.
Note
Aussie printed a red candle on 5 min chart at 10.35.... to setup the break.... the retracement is on no volume.... Trade closed: target reached
Looks good... target obtained...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.