Technician
Short

#AUDUSD: Monitoring for a trend resumption short #forex

FX:AUDUSD   Australian Dollar/U.S. Dollar
Monitoring the lower time frames for a confirmation of a trend resumption short.


My Regards
Technician
Comment: No confirmation signal yet.
Comment: Trade published.

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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:
AUD/USD swing based on Market Profile and Price Action
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I have different view, my trade now is over, but please look how I saw this pair:

Only short at AUDUSD - the question is: from which lvl
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stop loss again
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Great!!! Thank you
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thx this was a great trade
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whats your take looks like its going long ? or you expect it to start dropping over all. seems like it has passed the resistance level though
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good summary as usual Luay. my expected reversal lvl is a bit higher at the strong confluence zone ca. 0.75025 (or ev. 0.75750 latest) and retest of trendline.
a strong downmove (wave 3 in EW language) could be possible. thanks for sharing your ideas.
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About USD, keep watching the news!!!
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Please be careful going long on the USD this rally above 100 is not justified
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thanks for sharing your hard work
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