AUDUSD 1hour Analysis November 30, 2020
Trade Scenario 1: Price is near a major supply zone but price continues to make HH and HL. There has been a break and retest of 1h structure. We are looking for more bullish momentum/variation before longing into a key monthly zone around 0.7440
Trade Scenario 2: Price action goes bearish. We will need to see price break below the 200MA on the 1h timeframe and then look for a LH to form on strong bearish momentum/variations.
Trade Scenario 2: Price action goes bearish. We will need to see price break below the 200MA on the 1h timeframe and then look for a LH to form on strong bearish momentum/variations.
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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.