TradingView
sonicrmastery
Jan 14, 2017 6:02 AM

AUD/USD Daily Update (14/1/17) Short

Australian Dollar/U.S. DollarFXCM

Description

No bear pa yet.

but price at sell zone.

will be spotting for weakness and short it.

Order cancelled

Comments
Trader_Dale
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:
More