AUDUSD outlook
Updated
*BLESSINGS
*for my own charting habits (which are shockingly poor atm)
*I will update through the coming days
Weekly
Daily
4H
1H
15M
5M
*for my own charting habits (which are shockingly poor atm)
*I will update through the coming days
Weekly
- Latest demand zone is holding strong.
- Above, we've got untouched supply and FVG.
- The internal structure is looking bullish.
Daily
- Pullback started after clearing those wicks.
- Current demand zone is holding.
- This zone needs to stay strong to keep the bullish structure intact.
4H
- Uptrend continued after breaking structure.
- Currently in no-man's land, not the best spot for entries.
1H
- Trend reversed with the CHoCH.
- Demand zone that created the CHoCH was respected.
- Followed by internal breaks to the upside.
- Supply zones above, expected to be taken considering the bullish trend.
15M
- Most recent tested zone was a demand zone, so bulls are in control until supply reacts.
5M
- On the 4H, not the best place for new entries.
- On the 5M, watching for a reaction off the box area to target 1H supply.
- Looking for a clear bullish signal, keeping in mind we're not near 4H demand.
- Currently seeing a reaction from bearish FVG, which might help the pullback to the POI.
Comment
Market open was volatile.
Price reacting off 15M supply.
Supply currently in control as we revisit 15M demand.
Comment
Reacting off demand, structure has shifted. Off we go.
Comment
Taking another position here.
Less risk as we not at 4hr demand.
Comment
First position above as you can see: -0.5% Second position: 6RR (3% win as I risked 0.5%)
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