AUD preparing for a big move either way!
RBA is around the corner which means that increased volatility and liquidity grabs are happening...
Institutional management and Asset managers increased their short positions to the following
94,473
+10,120 from last week
If RBA surprises expect a massive short squeeze and stop loss hunters to commence, if RBA pauses it will be dovish but expected, so the path of least resistance is to the down side.
I have highlighted order blocks where buyers/Sellers could be waiting, pay attention to the price action around those areas.
Wait, react and do not predict!
Institutional management and Asset managers increased their short positions to the following
94,473
+10,120 from last week
If RBA surprises expect a massive short squeeze and stop loss hunters to commence, if RBA pauses it will be dovish but expected, so the path of least resistance is to the down side.
I have highlighted order blocks where buyers/Sellers could be waiting, pay attention to the price action around those areas.
Wait, react and do not predict!
Trade closed: target reached:
Target reached after breaking yesterday's high, RBA shocked and triggered my long position, due to NFP and FED decision coming tomorrow I decided to close the trade at 56 pips.