DislikedI am long as I see accumulation going on - looking for a move to 152.30 area-----Ignored
Accumulation of Euros? or distribution of AUD? Quite different things. Remember that we are trading two instruments at a time, so the classic acc/disct Weinstein-ish model doesnt work the same way.
Which martket participants do you think would be buying a weak currency and/or selling a strong one?
What news items are coming up this week (tomorrow, specifically) that has a strong effect on this pair might keep traders on the sidelines in the leadup, leading to low volume (as opposed to acc/dist)?
Any 25bn market news on Friday that might keep trading in the Euro light?
*edit* note that I'm not saying you are wrong - but when someone says they are 'usually wrong', it generally means they have the right idea but are perhaps overlooking some things.
When you have to shoot, shoot. Dont talk.