ive been watching audusd 0.11% for some time now. its form a double top so i am expecting prices to drop to the bottom trend line of the impulse. from there prices could break the trend and retest the break of the support at 0.735 and start shooting up
Comments
Trader_Dale
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Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
karimforex
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@Trader_Dale, i am currently in a buy from the touch of the uptrend i'll look to leave this as the res at 0.75 is looking to break
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis: