Hello Guys,
This pair is not so popular amongst forex traders but I do trade it sometimes and I might present a good short opportunity soon.
Price just created and hunted buy-side liquidity on its way to a daily order block which if it holds, will present a good shorting opportunity. There is also a weekly FVG just above the daily order block.
I would be monitoring price movement in the 1-hour timeframe, waiting for a CHOCH from bullish to bearish to take a nice short.
This move is also visible on other AUD pairs (see them below)
Follow for more update.
AUDUSD analysis
AUDCHF analysis
Cheers,
Jabari
This pair is not so popular amongst forex traders but I do trade it sometimes and I might present a good short opportunity soon.
Price just created and hunted buy-side liquidity on its way to a daily order block which if it holds, will present a good shorting opportunity. There is also a weekly FVG just above the daily order block.
I would be monitoring price movement in the 1-hour timeframe, waiting for a CHOCH from bullish to bearish to take a nice short.
This move is also visible on other AUD pairs (see them below)
Follow for more update.
AUDUSD analysis
AUDCHF analysis
Cheers,
Jabari