On AUDUSD we can see a clear Change of Structure as the structural low got liquidated, therefore a bearish trend has been established. This bearish trend can continue until the 4h Demand Zone is reached. I will be looking for 15m structural shifts or nice fails in Supply.
Until then we can look at short positions from the Supply Zones noted.
Here is the 4h Analysis:
Until then we can look at short positions from the Supply Zones noted.
Here is the 4h Analysis:
Note
Reached the 15m Refined Demand zone and had a reaction and a change of structure. This zone was powerful bc it took out sell side liquidity and was the reason for the flip of the Supply Zone.
I expect the price to reach 4h Target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.