Comment AUDUSD:
The Robber Bank MMs might be not even be close to being done with their stealing. This could go down more and then go on a bull swing! Be careful......
Applying the standard FR tool that includes the conventional 127% level we can see that the lower half number/RWL are possible Stop Hunt of longs targets. This is, of course, assuming the MMs are bulls and the USD is going to be treated as "weak". Some are counting on a strengthening USD, meaning they will be considering AU, EU, GU, NU all as bearish. Even if they are correct in the larger sense, that does not preclude the Robber Banks - when they are finished with this current move down - whipping the prices up real good before resuming down. And why wouldn't they? This is exactly how they rob others, by getting them to trade and over-trade one way with confidence and then take the price the other way for a while! Another like move down could come tomorrow but then be followed by a bull swing.
For now, the MMs are making like they are committed to a bullish USD. With more AUD high impact releases tomorrow, more down side could be coming tomorrow, maybe to the lower half number/RWL area. But be careful, because this entire move down might be nothing more than the stopping out of longs and the sucking in of shorts ahead of another bull swing. Just because people are talking up the strengthening of the USD - and which might actually be the case - the Robber Banks/MMs move prices to a different tune,......called PROFITS FROM THEFT!
The Robber Bank MMs might be not even be close to being done with their stealing. This could go down more and then go on a bull swing! Be careful......
Applying the standard FR tool that includes the conventional 127% level we can see that the lower half number/RWL are possible Stop Hunt of longs targets. This is, of course, assuming the MMs are bulls and the USD is going to be treated as "weak". Some are counting on a strengthening USD, meaning they will be considering AU, EU, GU, NU all as bearish. Even if they are correct in the larger sense, that does not preclude the Robber Banks - when they are finished with this current move down - whipping the prices up real good before resuming down. And why wouldn't they? This is exactly how they rob others, by getting them to trade and over-trade one way with confidence and then take the price the other way for a while! Another like move down could come tomorrow but then be followed by a bull swing.
For now, the MMs are making like they are committed to a bullish USD. With more AUD high impact releases tomorrow, more down side could be coming tomorrow, maybe to the lower half number/RWL area. But be careful, because this entire move down might be nothing more than the stopping out of longs and the sucking in of shorts ahead of another bull swing. Just because people are talking up the strengthening of the USD - and which might actually be the case - the Robber Banks/MMs move prices to a different tune,......called PROFITS FROM THEFT!