AUDUSD countertrend longs allowed after 4h supply removal.
Price Altitude: Middle
Daily Trend: Down
4H Trend: Up
Analysis: Daily demand is in control with a strong retrace up yielding a 4h uptrend. Note the move up is realigning with the higher timeframe downtrend.
Prediction: Continue its way north to realign with higher timeframe supply.
Price Points of Interest:
4h Supply inside daily @ 0.74193
4h Supply @ 0.73647
4h Demand @ 0.72768
4h Demand @ 0.72325
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Daily Trend: Down
4H Trend: Up
Analysis: Daily demand is in control with a strong retrace up yielding a 4h uptrend. Note the move up is realigning with the higher timeframe downtrend.
Prediction: Continue its way north to realign with higher timeframe supply.
Price Points of Interest:
4h Supply inside daily @ 0.74193
4h Supply @ 0.73647
4h Demand @ 0.72768
4h Demand @ 0.72325
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
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