Aud/Usd Market outlook
Context:
price remains in its current indecision state, where we currently reside on the upper limit,
the future course is determined how that indecision will resolve itself, (breakout to the up or downside)
as long as we remain in this behaviour , any rejection of the upper or lower limits may cause a setup, to enter
as e currently reside on the upper limit any break of the demand line followed by a lower high (retracement)
will head us back to the lower limits respectively the MP of @79350
signs of strenght:
broken supplyline
brok thru MP
signs of weakness:
rejection of upper limit
price remains in its current indecision state, where we currently reside on the upper limit,
the future course is determined how that indecision will resolve itself, (breakout to the up or downside)
as long as we remain in this behaviour , any rejection of the upper or lower limits may cause a setup, to enter
as e currently reside on the upper limit any break of the demand line followed by a lower high (retracement)
will head us back to the lower limits respectively the MP of @79350
signs of strenght:
broken supplyline
brok thru MP
signs of weakness:
rejection of upper limit
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.