AUDUSD Warning...
Prices back to the previous consolidation level (area) above the key SR 0.77000. MMS could be have shorts queue order in the area, and then starts to run the shorts from the highs (relative), maybe there will be significant movement on LS. If it is true, then market will fall further may be lower than the nearest consolidation area (RDL). why? I just do approach based on the tendency of the effort done by MMs in the previous higher level of the previous consolidation areas. Just remember, that every highs level of the swing above the key SR which is supported by notable volume can be used as the basis of considerations that indicate the beginning of MMS shorts from the higher level. As we know, that the scheme of the execution order by MMS is BLSH (Buy Low - Sell High), and to do so, they will continue to manipulate the price any time they want.
Since, we never know how MMs will move the price next, This conclusion would only be temporary depending on how PVSRA clues that will emerge in the future based on my observations.
I think, EURUSD has same story as AUDUSD.
MJ
Prices back to the previous consolidation level (area) above the key SR 0.77000. MMS could be have shorts queue order in the area, and then starts to run the shorts from the highs (relative), maybe there will be significant movement on LS. If it is true, then market will fall further may be lower than the nearest consolidation area (RDL). why? I just do approach based on the tendency of the effort done by MMs in the previous higher level of the previous consolidation areas. Just remember, that every highs level of the swing above the key SR which is supported by notable volume can be used as the basis of considerations that indicate the beginning of MMS shorts from the higher level. As we know, that the scheme of the execution order by MMS is BLSH (Buy Low - Sell High), and to do so, they will continue to manipulate the price any time they want.
Since, we never know how MMs will move the price next, This conclusion would only be temporary depending on how PVSRA clues that will emerge in the future based on my observations.
I think, EURUSD has same story as AUDUSD.
MJ
"Bulls make money, Bears make money, but hogs get slaughtered"