AUDUSD Price Action
Looking for bearish Momentum to continue that can be seen on the Daily TF.
If price comes within this Poi the momentum will Indicate whether Buyers are exhausted or still looking to buy. Large Impulsive candles up may Indicate market may want to reach higher (re accumulation ), however a ranging market, giving Distribution characteristics ( Type 1/ Type2 / H+S ) may Indicate market will want to trend lower.
I will want to see how the market plays out this week + respond accordingly
If price comes within this Poi the momentum will Indicate whether Buyers are exhausted or still looking to buy. Large Impulsive candles up may Indicate market may want to reach higher (re accumulation ), however a ranging market, giving Distribution characteristics ( Type 1/ Type2 / H+S ) may Indicate market will want to trend lower.
I will want to see how the market plays out this week + respond accordingly
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