Market Analysis of AUDUSD
Date: 05.20.2021
TF: Month
Forecast: Bearish
A) *Strong supply zone, Start of bearish momentum.
__ A.1) 2nd Possible start of Bearish Movement from Supply Structure Zone.
B) *TL#1 Strong Down Trend
C) *TL#2's Fan out out w/ current current down trend
D) *Retracement to D.3 (TL#1), Market will switch to Bullish
__ D.1 - D.2) area where market will range
__ D.3) Strong Demand Area, Structure Zone, end of bearish momentum.
__ D.3/D.3.1) Market will bounce off previous trend line Replicating D.3.1
__ D.3) Full retracement of (D.3.1 - A) push
__ D.3) Equal retracement of (D.3.2 - A) push
Date: 05.20.2021
TF: Month
Forecast: Bearish
A) *Strong supply zone, Start of bearish momentum.
__ A.1) 2nd Possible start of Bearish Movement from Supply Structure Zone.
B) *TL#1 Strong Down Trend
C) *TL#2's Fan out out w/ current current down trend
D) *Retracement to D.3 (TL#1), Market will switch to Bullish
__ D.1 - D.2) area where market will range
__ D.3) Strong Demand Area, Structure Zone, end of bearish momentum.
__ D.3/D.3.1) Market will bounce off previous trend line Replicating D.3.1
__ D.3) Full retracement of (D.3.1 - A) push
__ D.3) Equal retracement of (D.3.2 - A) push
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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.
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.