DislikedStill the question is pending an answer -
Why when sells outnumber buys orders AUDUSD is moving up? Isn't the law of supply and demand valid in this case? Or the volume of buy orders is greater?
What is the community take on the future of AUDUSD? Can we expect some negative correction after today's rise on Sunday/Monday?Ignored
It's the fundamental of economics and FUNDAMENTALS DO NOT RESPECT R&S. However, indis with the correct setting and the in-depth understanding of candlesticks reading can inform the potential outcome (Probabilities).
Didn't I informed you all abt the Private Sector Credit increasing (Post # 26343) ? It's talking abt LOANS in Australian Dollars.
At this present moment, if there's no major eco fundamentals happening in US against Aust , minor correction, avg abt 60 pips... maybe. But.... big correction...not so soon... Projects has not been completed yet.
While on the other side of the coins, fib 100% has been achieved and according to mr.fib, there should be a correction. How much ? Look for them and when you find it , jump in the boat to the north.
Any other findings are welcome...
If you're soooo.... eager to short...just scalp short only. PEACE ..