tradingfrog

AUDUSD [Potential Sell]

Short
tradingfrog Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Second wave after first UT, given the second SOW price might not able to form another UTAD.

Entry at previous swing high on M5 and confirmed by H1 in-balance candle.
Comment:
A creek is forming a lot of orders at the top and behind the creek, will they spike both sides?

Comment:
Yesterday there was a re-distribution at marked IB. Within that re-distribution there is IC just mitigated the H1 IB.
Therefor price tapped the line and it turned down already.

Monday M5 re-distribution:
Comment:
How price tab that M5 IC on Monday:
Comment:
This turn on H1 clearly is a re-accumulations

I notice that shakeout phase, I was too marry to my recounter trend bias. Should always follow Daily direction first.
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