Hey guys! haven't posted in a while but im definitely back for good. been doing a lot of back testing & profit grabbing past months. (black line reps start of week) but lets check out my favorite pair today GA. so at the start of the week we see that the market continue its direction from last week but suddenly halted. we then start see classic manipulation off...
As previously mentioned EUR/AUD has overextended into the yearly highs price region, even though we should be expecting a retracement price can be easily manipulated around this region especially ahead of a lot of fundamentals data from ECB and AUD policy details out this week that could easily be a key driver in market activity. Awaiting for a potential 3rd drive...
Based on the higher time frames, the price has been declining rapidly to the downside, the trendline was broken and tested our key daily area of support 1.81500 which was created by the previous swing to the low before retesting the key institutional area of supply1.88000. I will be monitoring candlestick behaviour around this key region to see if we can get more...
All stops taken to the downside. targeting the liquidity resting above range high. entered on LTF break in MS at bullish OB