AUDUSD - 31 May 2022
From the most recent PA, we can see a swept to both BSL and SSL, we can argue that the sweep of BSL is to move the price down to grab more SSL in order to refuel the bullish momentum. From the prevailing trend and momentum, it's suggesting that price is bullish, and currently there isn't sufficient evidence to convince me that price wants to reverse or turn bearish from here unless price again put in a new LL.
Note
5m: 1m:
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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.