December 2008 price hit all time highs. Volumes have also increased exponentially over the years. Is price in a potential distribution phase? Are buyers gradually taking profits? (retracements are becoming larger)* Currently on the monthly chart price is moving correctively in an ascending type pattern. Market could potentially over extend before a fresh move...
H1 bearish engulfing @ a memory spot. Asia closed bullish but London bears took price past previous candle open. London potentially to retest asia highs. I will be watching the marked zone for any significant selling pressure. AUD data also came out positive for AUD.
