Market’s Overview :
AUDUSD : this is a massacre we’re watching happening in front of our eyes. Pair wants to go up like crazy but it’s being vandalized. Its picture reminds me of my early childhood years when us kids used to cover our eyes with our hands’ palms when watching movies with killings and bloodshed. Well, I want to cover my eyes here…or to fall asleep. Wake me up when spikes are over. Avoid trading the pair till you see the following on H4 Time-Frame :
1. a strong BULLISH KUMO Breakout validated by Chikou Span
2. price closing below Lower Bollinger Band with Median BBand, Tenkan Sen, Kijun Sen and Chikou Span going DOWN.