Kumowizard
Long

It's too much baby! Shorts can be squeezed above 0,7250

FX:AUDUSD   Australian Dollar/U.S. Dollar
131 2 8
We will likely see a nice spike. Looks like a local bottom is building.

All annotations and drawings are on the chart.

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Short squeeze will happen above 0,7250. Tgt             0,7400.
Agreed 100%, I'm long from 0.71825, stop 0.71394, let's see if we get the spike.
Cheers,
Ivan.
+1 Reply
I did not mark Chikou Span, which hit past Kumo (resistance). Expecting retracement to 0,7400 is maybe a bit too optimistic but 0,7340-0,73775 area is possible in case 4H gets confirmation on swing long.
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