AUDUSD is trending bearish in the 4HR time frame and bullish in both the Daily and Weekly time frames. I still have a BULLISH bias in this pair overall and will continue to look for long orders. These are the two Demand Zones I found in the 45 mins time frame - refined zones. If price does not respect these zones and starts swinging BEARISH in both the 4HR and Daily time frames, only then will I consider a short order. But since AUD currency has a strong relative strength for this week, I am leaning on more on the BULLISH trend bias.
Note
Price did not respect the higher Demand Zone, which was intended for a confirmation entry. However, it did respect the lower Demand Zone which was a buy limit order. Trade is now completed.
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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.