Ghost Traders FX AUD/USD 4H Continuation [SHORT]
Price formed a weak low @ 0.613 on Friday last week.
It looks to me that most of this rally has just been big money taking profit on short positions as opposed to any real buying pressure on AUD or we would of seen a faster recovery, not a slow drip up.
Price has rejected the previous 4H ranges BOS and close back below it forming strong consolidation.
I'm anticipating news today sweep one last time below the low set @ 0.613, tapping into a key level used in 2020 COVID recovery and the Higher Time Frame analysis heading into full swing.
Goodluck gang.
It looks to me that most of this rally has just been big money taking profit on short positions as opposed to any real buying pressure on AUD or we would of seen a faster recovery, not a slow drip up.
Price has rejected the previous 4H ranges BOS and close back below it forming strong consolidation.
I'm anticipating news today sweep one last time below the low set @ 0.613, tapping into a key level used in 2020 COVID recovery and the Higher Time Frame analysis heading into full swing.
Goodluck gang.
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