USD Index gives nice rejection from Rally base Rally candle formed in daily candle.
In 1H candle market makes significant bullish move. it shows that upcoming week USD pairs will be more likely to move downwards.
From News side - EUR have some High Impact S&P news. If it goes well Market reaches its low by upcoming week end.
Note: This is my own idea. I am not...
Market structure is bearish. Order flow also bearish.
But still we can see clear reaction area down there from left side. Retail traders will eventually look into that zone. So market can rise up from there to manipulate long for banks to make big sell. Asia high is there to take out before move. These are my ideology to look into.
What we can do is use this...
FX:AUDUSD
Market tap into 4H Support area. There is High volume line near the demand area. So for now I am looking for longs after liquidity sweep. After market tap into 4h volume line then I will look for shorts.
Note:
I am not an financial advisor. What ever I posted here is my opinion.
