FX:EURAUD Euro Fx/Australian Dollar
I am trading the Market Maker Method, obviously. From my analysis price should consolidate for a bit, setting the HOW (Hi of the Week) and accumulating contracts, trapping the traders long prior to a level one drop. The orange box is drawn around the anchor, this is the area we want to trade in the opposite direction of for the next couple days. As you can see, price formed a perfect W at the LOW (Lo of the Week) and climbed 3 levels.