๐ช๐๐๐๐๐ฌ ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ | ๐๐จ๐ ๐๐จ๐ง๐จ๐ฅ๐๐ฆ |Australian Dollar FuturesCME:6A1!ShaboS๐ช๐๐๐๐๐ฌ ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ | ๐๐จ๐ ๐๐จ๐ง๐จ๐ฅ๐๐ฆ | ๐ฏ๐ญ.๐ฌ๐ด. โ ๐ฌ๐ฐ.๐ฌ๐ต.๐ฎ๐ฌ๐ฎ๐ฒ As mentioned in my last post, the ๐จ๐ฆ๐ ๐ฟ๐ฒ๐บ๐ฎ๐ถ๐ป๐ ๐ฏ๐๐น๐น๐ถ๐๐ต. Looking at the ๐๐จ๐ ๐๐๐๐๐ฟ๐ฒ๐, this creates an interesting potential ๐ฆ๐๐ข๐ฅ๐ง ๐ฆ๐๐๐ก๐๐ฅ๐๐ข ๐ณ๐ผ๐ฟ ๐๐จ๐/๐จ๐ฆ๐. But why am I looking for shorts? First, letโs look at the ๐๐จ๐ก๐๐๐ ๐๐ก๐ง๐๐ ๐ฃ๐๐๐ง๐จ๐ฅ๐. ๐ญ. ๐ฆ๐๐๐ฆ๐ข๐ก๐๐๐๐ง๐ฌ The AUD is entering a more ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฒ๐ฎ๐๐ผ๐ป๐ฎ๐น ๐ฝ๐ต๐ฎ๐๐ฒ. This supports the idea of looking for downside opportunities in the AUD. ๐ฎ. ๐ฉ๐๐๐จ๐๐ง๐๐ข๐ก ๐ฉ๐ฆ. ๐๐จ๐ญ๐ฌ ๐๐ข๐ก๐๐ฆ The AUD currently appears ๐ผ๐๐ฒ๐ฟ๐๐ฎ๐น๐๐ฒ๐ฑ ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐๐ฒ ๐๐ผ ๐๐๐๐๐ฟ๐ฎ๐น๐ถ๐ฎ๐ป ๐ญ๐ฌ-๐ฌ๐ฒ๐ฎ๐ฟ ๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐๐ผ๐ป๐ฑ๐ (๐๐จ๐ญ๐ฌ). From my perspective, this divergence is another factor supporting a potential ๐๐จ๐ ๐ฆ๐๐ข๐ฅ๐ง. ๐ฏ. ๐๐ข๐ง ๐๐๐ง๐ The current COT positioning is also interesting. ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น๐ are still positioned bullish, but their positioning is beginning to turn more ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต. At the same time, ๐ฆ๐บ๐ฎ๐น๐น ๐ฆ๐ฝ๐ฒ๐ฐ๐๐น๐ฎ๐๐ผ๐ฟ๐ are ๐ฒ๐ ๐๐ฟ๐ฒ๐บ๐ฒ๐น๐ ๐ฏ๐๐น๐น๐ถ๐๐ต. More importantly, ๐๐ฎ๐ฟ๐ด๐ฒ ๐ฆ๐ฝ๐ฒ๐ฐ๐๐น๐ฎ๐๐ผ๐ฟ๐ are continuing to ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐๐ต๐ฒ๐ถ๐ฟ ๐๐ต๐ผ๐ฟ๐ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐. Taken together, this gives me a ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ณ๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น ๐ฝ๐ถ๐ฐ๐๐๐ฟ๐ฒ for the AUD. ๐ก๐ข๐ช ๐๐๐งโ๐ฆ ๐๐ข๐ข๐ ๐๐ง ๐ง๐๐ ๐๐๐๐ฅ๐ง. The AUD Futures have reached a ๐ช๐ญ ๐ข๐ฟ๐ฑ๐ฒ๐ฟ ๐๐น๐ผ๐ฐ๐ธ and reacted strongly to the downside yesterday. The ๐ต๐ถ๐ด๐ต๐ ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ฒ.๐ฌ๐ฑ., ๐ฎ๐ฐ.๐ฌ๐ด. ๐ฎ๐ป๐ฑ ๐ฎ๐ณ.๐ฌ๐ด. were all taken out. This created a clear ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ฟ๐๐ป โ a ๐ฏ๐๐-๐๐๐ผ๐ฝ ๐ฟ๐ฎ๐ถ๐ฑ. After the liquidity was taken, price reacted strongly to the downside and left behind an important ๐๐ฐ ๐๐ฉ๐. Looking at the move from the ๐น๐ผ๐ ๐ผ๐ณ ๐ฎ๐ต.๐ฌ๐ฒ. ๐๐ผ ๐๐ฒ๐๐๐ฒ๐ฟ๐ฑ๐ฎ๐โ๐ ๐ต๐ถ๐ด๐ต, the ๐๐พ๐๐ถ๐น๐ถ๐ฏ๐ฟ๐ถ๐๐บ is around **0.70315**. Above this level, there is additional ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐, including ๐๐ฒ๐น๐น๐๐ถ๐ฑ๐ฒ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ and ๐ฒ๐พ๐๐ฎ๐น ๐น๐ผ๐๐. This creates an interesting range of approximately ๐ฏ๐ฌ๐ฌ ๐ฝ๐ถ๐ฝ๐. So both the ๐ณ๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น and ๐๐ฒ๐ฐ๐ต๐ป๐ถ๐ฐ๐ฎ๐น ๐ฝ๐ถ๐ฐ๐๐๐ฟ๐ฒ point towards a potential bearish scenario for the AUD. ๐๐๐๐ฆ: ๐๐๐๐ฅ๐๐ฆ๐ ๐๐จ๐ โ ๐๐จ๐๐๐๐ฆ๐ ๐จ๐ฆ๐ โ ๐ฆ๐๐ข๐ฅ๐ง ๐๐จ๐/๐จ๐ฆ๐ The idea is not to predict every intraday move. Instead, I want to see how price reacts around the identified ๐ฃ๐ ๐๐ฟ๐ฟ๐ฎ๐๐, the ๐๐ฐ ๐๐ฉ๐ and the ๐๐พ๐๐ถ๐น๐ถ๐ฏ๐ฟ๐ถ๐๐บ. ๐ฃ๐ข๐ง๐๐ก๐ง๐๐๐ ๐ฆ๐๐๐ก๐๐ฅ๐๐ข: ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ฟ๐ฎ๐ถ๐ฑ โ ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฟ๐ฒ๐ฎ๐ฐ๐๐ถ๐ผ๐ป โ ๐ฟ๐ฒ๐๐ฟ๐ฎ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐ถ๐ป๐๐ผ ๐ฃ๐ ๐๐ฟ๐ฟ๐ฎ๐๐ / ๐๐ฉ๐ โ ๐ฝ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐บ๐ผ๐๐ฒ ๐๐ผ๐๐ฎ๐ฟ๐ฑ๐ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ฏ๐ฒ๐น๐ผ๐. We will see what price actually does. The levels are defined. The bias is defined. ๐ก๐ผ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ต๐ฎ๐ ๐๐ผ ๐ฐ๐ผ๐ป๐ณ๐ถ๐ฟ๐บ ๐๐ต๐ฒ ๐ถ๐ฑ๐ฒ๐ฎ. #AUD #AUDUSD #Forex #Trading #COT #Seasonality #ICT #Liquidity #FVG #OrderBlock #PriceAction #Futures ๐๐ถ๐๐ฐ๐น๐ฎ๐ถ๐บ๐ฒ๐ฟ: This analysis represents my personal market view and is not financial advice. Trading financial markets involves significant risk and can result in substantial losses.