AUDUSD
Possible news setup for upcoming event.
Simple Setup with present of price compression, from concept clear out the demand area before take the Big Order and make big dive into TP point.
At 5 min Chart you can see, QM pattern at the current price, which I think its a possible fakeout trap to take big order from Decision Point at Engulfing Candle.
This is lower time frame setup you can zoom in with your possible idea to make it happened.
Lower to 1 min chart, you can also see possible Max Pain Level.
Trade at your own risk.
Yato.
Comment:
SL :)