AUDUSD Snatch & Grab
The AUDUSD has been in a minor consolidation between Supply and Demand.
We can see the first phase has involved a fairly tight consolidation in a Rectangular Formation.
Yesterday we see a false break to the demand zone. 150 pips in a single bar, with a large
shadow. And then quickly back into range. The Volume was large , and it can only be the Smart
Money pushing retail around ( this time buying low, so they can then sell high )
Expect another snatch and grab , this time a Bull Trap. Probably retesting the Supply
Zone , where buyers are trapped and the 200 MAV above is a good target. The Smart Money
unloading their Longs.
After this , its back into range and then the true TREND will reveal itself.
The current bias is short.
We can see the first phase has involved a fairly tight consolidation in a Rectangular Formation.
Yesterday we see a false break to the demand zone. 150 pips in a single bar, with a large
shadow. And then quickly back into range. The Volume was large , and it can only be the Smart
Money pushing retail around ( this time buying low, so they can then sell high )
Expect another snatch and grab , this time a Bull Trap. Probably retesting the Supply
Zone , where buyers are trapped and the 200 MAV above is a good target. The Smart Money
unloading their Longs.
After this , its back into range and then the true TREND will reveal itself.
The current bias is short.
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