AUDUSD into distribution too
AUDUSD following distribution requirements as well ; plus supply is increasing -> so i expect to complete the test of the utda with a movement on high bearish volume to the downside , we gonna see
As we did for gold ; we gonna wait for a break 0. 69700 on a SOW and the retest of it as a lps to take a sell
I Suggest you dont do that if your knowledge of the market is not advanced or you dont know when it tells you to get the f* out BUT ; i am gonna personally look around 0.69900 to take a sell entry or around the price of 0.698 if it doesn't break upside it and keep showing strong supply presence
As we did for gold ; we gonna wait for a break 0. 69700 on a SOW and the retest of it as a lps to take a sell
I Suggest you dont do that if your knowledge of the market is not advanced or you dont know when it tells you to get the f* out BUT ; i am gonna personally look around 0.69900 to take a sell entry or around the price of 0.698 if it doesn't break upside it and keep showing strong supply presence
Note
expect some wickfishing around 0.70000
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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.