AUDNZD - Price Inefficiencies Overlooked...
As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along.
A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area along with the interesting RSI display. Seeing that compressed, wedge-like move back, along with the clearly divergent RSI, it was quite a nice set up and a beautiful example of neutralization of sell-side liquidity and the indomitable propensity of price to bring efficiency along with it. Hats off to price!
The shaded areas were price inefficiency areas derived from the h4/h1/m15. The blue verticals are delineating NY midnight opening price (a bit of ICT).
Thanks for stopping in.
A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area along with the interesting RSI display. Seeing that compressed, wedge-like move back, along with the clearly divergent RSI, it was quite a nice set up and a beautiful example of neutralization of sell-side liquidity and the indomitable propensity of price to bring efficiency along with it. Hats off to price!
The shaded areas were price inefficiency areas derived from the h4/h1/m15. The blue verticals are delineating NY midnight opening price (a bit of ICT).
Thanks for stopping in.
