In todays class we’ll be looking at audusd for a swing, n talk bout principals.. as sellers will overcome the accumulation with last week n Sunday mk finisher.
From the big breakout bar into the range box with sellers placing price at 75% of That bar that’s a major sign of weakness. Buyers should had held 25% of that bae in accumulation! accumulation where buyers have the most strength! 50% for continuation move . But it’s clear to see sellers are stronger at this level n price will probably drop.
And we can see sellers are once again pulling back off top underbelly of the tr
Thus this give a good entry with a tight sl that fits our psychology n trading at the extreme which is in between the black circles here and outside of the trading range especially if the 4 hr holds bearish here as a pullback 4 sellers .. n a target of the low of the breakout bar that’ll sellers first target here n I’m sure a lot of traders placed their buy sl underneath it as well as it 75% retrace moreover it’s a lot of volume behind that bar but lacking follow thru which is could b selling in the background..
Bearish at current levels
From the big breakout bar into the range box with sellers placing price at 75% of That bar that’s a major sign of weakness. Buyers should had held 25% of that bae in accumulation! accumulation where buyers have the most strength! 50% for continuation move . But it’s clear to see sellers are stronger at this level n price will probably drop.
And we can see sellers are once again pulling back off top underbelly of the tr
Thus this give a good entry with a tight sl that fits our psychology n trading at the extreme which is in between the black circles here and outside of the trading range especially if the 4 hr holds bearish here as a pullback 4 sellers .. n a target of the low of the breakout bar that’ll sellers first target here n I’m sure a lot of traders placed their buy sl underneath it as well as it 75% retrace moreover it’s a lot of volume behind that bar but lacking follow thru which is could b selling in the background..
Bearish at current levels