Here's my bias for AUDUSD. BULLISH
Price is currently in a bullish order flow.
The ema's on the monthly, weekly, and daily are all in sync.
Price rallied up to a previous monthly equal high before selling off.
In my eyes, I see a trap on retail concepts from institutions.
I am anticipating a run on those equal highs to grab liquidity.
I am anticipating price will trade slightly lower and create the low of the week
early MON, TUE, or WED.
I will be hunting for my entries in London open, New York open,
and London close.
I will also be looking for a swing low to form early in the week. This will give
me confluence on a bullish market.
Most of my trading is intraday as I target previous daily highs. I plan on having a swing position open as well for the week.
Price is bearish right now because I believe institutions are grabbing any
last minute buy side liquidity from last week.
Happy Trading & Good Luck
Price is currently in a bullish order flow.
The ema's on the monthly, weekly, and daily are all in sync.
Price rallied up to a previous monthly equal high before selling off.
In my eyes, I see a trap on retail concepts from institutions.
I am anticipating a run on those equal highs to grab liquidity.
I am anticipating price will trade slightly lower and create the low of the week
early MON, TUE, or WED.
I will be hunting for my entries in London open, New York open,
and London close.
I will also be looking for a swing low to form early in the week. This will give
me confluence on a bullish market.
Most of my trading is intraday as I target previous daily highs. I plan on having a swing position open as well for the week.
Price is bearish right now because I believe institutions are grabbing any
last minute buy side liquidity from last week.
Happy Trading & Good Luck