fututor
Long

Aussie - possible accumulation range H1

FX:AUDUSD   Australian Dollar / U.S. Dollar
We have shortening of thrust on way down. The last swing before trading range has very high cumulative volume . It indicates possible hidden buying. The current range could be accumulation schematic. 2 possible bullish scenarios:
1. Price false break of trading range (spring) and goes up. While breaking the creek, there is possible backup to the creek. A spring and backup action are good place to initiate a long trade.
2. Price goes up straight and jump across the creek. Backup to the creek is best place to initiate a long trade.

The scenario will not play if price breaks 0.744 and continue move down.
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