AUDUSD has been on the downtrend for sometime now. Flowing order flow and ICT Fair Value Gap concept, price filled the imbalance and touched a bearish order block /mitigation block. Target is the relatively equal lows as draw of liquidity
Dxy is expected to be bearish as mapped out Dollar remains bearish with the FOMC yesterday.
Price could take out the equal highs and sweep liquidity A supply zone and breaker block as a confluence
Price broke structure(bos) and now mitigating Immediate Target is immediate high
Will this pattern play out? Sell Setup on Quasimodo
The CRO$ recently saw a price pump to the upside Price has form a lower lower signifying a break of structure(bos). A quasimodo pattern has formed on the 4 hourly. Bullish Retail Traders might be trapped in the suppy zone.
SELL on the retest of the QUASIMODO LEVEL(QML) Supply level at QML
Short GBPAUD 0.62Fib Retracement Drop base drop QML Quasimodo level
Price made a higher high after the break of the previous high A rally base rally is above the QM level the set up becomes invalidated when the lower low is broken
Drop Base Drop analysis on GU Follow the trend Sell short on GU, about 1:5 RR
Head and Shoulders on the Daily Breakout of the Trendline and retest
Price heading to the quasimodo level (QML) which is a demand level as well
Price has found a Last point of support and now will look to ride to the upside
Looking at the EURUSD trend here on the 4 hourly timeframe. My analysis is a potential buy set up in the coming days.