AU:
This is still a short candidate. We might see an improved SonicR setup....higher EP area, due to the London/US traders moving the price up. You can easily see the US traders started their session at high prices....they jumped right in with good volume. If they were buying, they would have dropped the price first, even if only a little bit.. So, they are selling. This is shaping up to be a PA bounce down off the half number. Eventually, PA should move down 100-150 pips, landing at another half number area, or lower whole number area.
This is still a short candidate. We might see an improved SonicR setup....higher EP area, due to the London/US traders moving the price up. You can easily see the US traders started their session at high prices....they jumped right in with good volume. If they were buying, they would have dropped the price first, even if only a little bit.. So, they are selling. This is shaping up to be a PA bounce down off the half number. Eventually, PA should move down 100-150 pips, landing at another half number area, or lower whole number area.