AUDJPY - Reversal with VOLUME PROFILE
Price has approached a Low Volume node with decent momentum, the low volume will not support the price rally, a reversal is expected to the down side.
Target will be the demand zone below, considering that we have great liquidity just above the demand zone, that would enable big institutions to push the price higher from that point on.
Target will be the demand zone below, considering that we have great liquidity just above the demand zone, that would enable big institutions to push the price higher from that point on.
Yorum:
Moving stop loss to 76.336 as the price might reverse from the supply zone just above.
Still having a great risk to reward ratio
Still having a great risk to reward ratio
confirming the hypothesis of a reversal to the south