Dave-FX-Hunter

AUDUSD Bearishness is coming strongly it will drop lower soon.

FX:AUDUSD   Australian Dollar / U.S. Dollar
Huge decline in the long positions and sharp growth of shorts taking net positions of Aussie to the -70k !! Any rally to the recent highs will be a nice short opportunity for entering great risk-reward short trade. monitoring for the potential short. We know banks are bearish, Now we saw 2 breaks to the lows, that's where mostly the retail enters and they place their SL 2 swings above that creates liquidity zones. Which will be interesting for the institutions to visit and fill more shorts. If the price comes there and we will see a strong bearish candle it will be a signal for a short entry. The alarm was set on 0.742 and waiting. If the price don't come there I skip the trade.

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