Intraday trading and long term trading analysis have three phases

**As I told everybody earlier that trading has three phases Culmination, young trend and mature trend and Australian dollar might be a start of culmination process as background telling you that everything is clear for further gains..

** Perhaps it could be too early too speak, but only time will tell and If my assumption is true 0.9390 could protect every rally or you can enter after test and strong rejection candles with momentum could be right way to approach.

**Amongst all the majors Only OZ is the one pair which path is clear and fundamentals are also supporting.

* Would update the next analysis soon and everything is mentioned on the chart and you can ask if any question in your mind.

Price does gives you hints before reversing even is is strong Trend earlier

I do mentioned the reason few days ago that according to this chart, Price is about to reverse,because when we see enough reasons that liquidation does not have follow through which means Imbalance ( I have discussed it earlier on the blog) has disappeared and market has break the "floor".

Even when there was effort of buying with long wick candles, it stopped on next candle with very small effort and reattempt to continue was even stronger. This is the reason that newbie traders like to buy on pullbacks, with engulfing patterns which never arrives and they left stranded.

Check my Earlier Post Here !!!

Australian Dollar Is in Strong Demand Since last two days

This is considered as Strength in background !!!

As I have told you earlier when after a strong fall market tend to accumulate inside a bracket an start reacting to hot spot areas As I Mentioned in the Chart and when It react to intermediate where buyers and sellers have huge stop to dealt with, They probably decide to stay out and market lacking liquidation and value shifts higher to find the liquidation and finally accepting higher prices.

Then there was liquidation break at the top a strong pin bar, When background is as solid as this one, then we always consider entering at strong momentum areas and result was strong engulfing with strong rewards.

It could result in exhaustion but we have to wait and see if momentum fades then it could possible result in an mature trend, but its too early too speak. I will try and update the chart if there is any changes is seen, to keep you all updated.

Consciousness need at every level which helps understanding the context and logic behind moves.

I would like to excel on patterns and elongated candle to tell you what background is telling you. Imbalance is what creates "trends", which means when you saw breakout with large candles which is also know as "Initiative Break", can work in favor for you to Identify setups like this.

Have a look at the Chart below !

We saw large candle and price hold on the top and then we saw consolidation in a "rotation center". Point I am trying to clear is who is in command, And the answer is "Weak Sellers". Reason is because, breakout was very strong and Inner space of the bar work as rotation center and we saw a strong spike out of that rotation center and then you see that area was "retested" and price was set to rise again and that can be referred as liquidation break.

That happens only when strong buyers want to trap the sellers and push the price way beyond to create a panic for sellers to Immediate Cover the Position.

Intrady another Reversal in usdchf could be there. Try and understand Context !!

Is it really a Mature Trend ??
I give it one go for a retest but if you see it closely, it make higher highs and hold on to those highs in first chart , Price the show bit of liquidation and makes a new high with elongated Candlestick and today selling could be part of testing the supply of that bar.

But price did not reverse immediately after that range breakout with bullish bar to start of the day and price keep falling and no urgency was shown and I would consider it more downtrend to follow. So, watch out any failure after retest or at new higher low now