On Daily: Left Chart AUDUSD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes.
On H1: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray.
📉 Meanwhile, AUDUSD would be bearish short-term and can still trade lower inside the daily support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Richard Nasr
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