AUDUSD is in Bearish Trend on larger timeframes. Recently, it touched the daily demand zone and took a jump in 1H timeframe. But in 4H and above timeframes, it's still in bearish trend.
I believe it will make another bearish move from 4H Supply zone to dig deeper in daily demand. Next we will see how good that daily demand plays.
For now, I'm bearish in AUDUSD.
Some key notes:
I believe it will make another bearish move from 4H Supply zone to dig deeper in daily demand. Next we will see how good that daily demand plays.
For now, I'm bearish in AUDUSD.
Some key notes:
- Price is making inside structure of HH's & HL's
- Price is rejecting from Fib 61
- Unless rejection from Fib levels break inside structure, i believe it'll reach to 100%, in other words, to the top.