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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out