AUDUSD 1hour Analysis November 30, 2020
Trade Scenario 1: Price is near a major supply zone but price continues to make HH and HL. There has been a break and retest of 1h structure. We are looking for more bullish momentum/variation before longing into a key monthly zone around 0.7440
Trade Scenario 2: Price action goes bearish. We will need to see price break below the 200MA on the 1h timeframe and then look for a LH to form on strong bearish momentum/variations.
Trade Scenario 2: Price action goes bearish. We will need to see price break below the 200MA on the 1h timeframe and then look for a LH to form on strong bearish momentum/variations.