AUDUSD : Accumulation
Price seem to form a shakeout/spring in phase C.
With no sign of weakness (sow) in phase B gave me this is a accumulation structure. but from 13 jan till today we see a sign weakness(sow), it give me this is a potential phase C as shakeout.
With today candle trading at very low volume around support trading range. indicate that seller not following up during the breakout of the support. this indicate that price might be return back into trading range. probably withing US trading hours.
im looking for long position from this level with stoploss at
0.70500.
(idea posted as study purposes)
With no sign of weakness (sow) in phase B gave me this is a accumulation structure. but from 13 jan till today we see a sign weakness(sow), it give me this is a potential phase C as shakeout.
With today candle trading at very low volume around support trading range. indicate that seller not following up during the breakout of the support. this indicate that price might be return back into trading range. probably withing US trading hours.
im looking for long position from this level with stoploss at
0.70500.
(idea posted as study purposes)
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