AUDUSD SELL IDEA

18 ก.พ. 2021

Hey Trading family! Hope this week was full of profits.

AUDUSD created very clean equal highs. Too clean IMO and is an area of interest for me.
I would anticipate a purge on liquidity in the London session or possibly New York open.
Now, this could be a reversal and price could target even higher highs, but taking in consideration this market has been bearish all week, I'd like to see a push down just below the most recent short term swing low early Thursday.

The green lines and red line are my take partial levels on a trade. You can ignore those

I already met my goals for the week but this has the potential to be a really great short setup.
We might be able to catch some decent pips early Thursday morning and anticipate consolidation or a reversal late Thursday/Friday.

19 ก.พ. 2021

บันทึก

Price Purged exactly how I anticipated. The M pattern was demolished and liquidity was grabbed. Price however, didn't push below the recent swing low, and rather respected it, but with all things in consideration, a very nice 55+ pips potential trade was available.

Until next week! Happy profits everybody