Reading the Right Side of the Chart : AUDUSD 16 September 2019
On Friday the daily range was 31 pips whilst the 20-day ADR was 35 pips. I would consider it a hit. The 20-day average daily range (20-day ADR) for today is 34 pips. I am anticipating 55-65 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time).
AUDUSD is in a bit of a run now to the upside. I am a trend follower believe it or not and my charts, technically suggesting I should be looking to Long this pair. My intraday plan is all dependent on which liquidity pool would get tapped. If I had to set a bias, then I would be biased LONG for this pair (but I am still open to short AUDUSD if Friday high is broken, just saying), then I am looking at the liquidity pool around 0.68500 - 0.68600 prices level, if price closes inside or below it, I will be looking to long AUDUSD.
No Risk Events today for the U.S and Australia
AUDUSD is in a bit of a run now to the upside. I am a trend follower believe it or not and my charts, technically suggesting I should be looking to Long this pair. My intraday plan is all dependent on which liquidity pool would get tapped. If I had to set a bias, then I would be biased LONG for this pair (but I am still open to short AUDUSD if Friday high is broken, just saying), then I am looking at the liquidity pool around 0.68500 - 0.68600 prices level, if price closes inside or below it, I will be looking to long AUDUSD.
No Risk Events today for the U.S and Australia