๐๐จ๐ ๐๐๐๐๐ฟ๐ฒ๐ (๐ฒ๐๐ญ!) ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ
๐๐จ๐ ๐๐๐๐๐ฟ๐ฒ๐ (๐ฒ๐๐ญ!) ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ | ๐๐๐ด๐๐๐ ๐ญ๐ฌโ๐ญ๐ฐ, ๐ฎ๐ฌ๐ฎ๐ฒ
Similar to almost all major currencies against the USD, **AUD Futures have been bullish against the USD over the past two weeks**.
From the recent low, price has moved approximately **200 pips higher**.
Price has now slightly touched a **bearish D1 Fair Value Gap (FVG)**.
Just above this area, there is an **old low from July 15**, which could become an important liquidity reference.
It is therefore possible that price first takes out this old low, reaches deeper into the **D1 FVG or a bearish Order Block**, and then reacts lower.
If this happens, I would be looking for **Sellside liquidity** to become the next potential draw on liquidity.
My bias for the coming week is therefore:
**๐๐จ๐ ๐๐๐๐๐ฟ๐ฒ๐ โ ๐ฆ๐ต๐ผ๐ฟ๐**
But as always, the bias is only a framework.
I will wait for the market to show confirmation through **liquidity, market structure and displacement** before considering an entry.
**๐ก๐ผ ๐ฟ๐ฎ๐ถ๐ฑ, ๐ป๐ผ ๐๐ฟ๐ฎ๐ฑ๐ฒ.**
*Disclaimer: This content is for educational and informational purposes only and does not constitute financial or investment advice. Trading financial markets involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consider your individual risk tolerance before making any trading decisions.*