LONG BIAS. TAPPED MY ZONE AND LOOKING BULLISH. 1:3 RR MINIMUM.
I AM PERSONALLY SEEING A BEARISH BIAS ON THIS PAIR FROM THE TOP DOWN. I WANT TO SEE A 1HR TIMEFRAME RETRACEMENT. THAT WILL BE WHEN I START TO LOOK FOR PREMIUM PRICE AREAS FOR SHORT ENTRY. DO YOUR OWN ANALYSIS.
AWAITING PRICE TO TAP SUPPLY AND PRESENT PRICE ACTION SIGNALS TO THE DOWNSIDE, ONLY THEN WILL AN ENTRY BE TAKEN. ILLUSTRATION ON THE CHART.
Price may bounce on the highlighted area. At least in the current market structure, momentum is looking upwards. So I am looking to enter longs is proper price action presents itself. -DMFX
My overall bias on this pair is bullish, but in my view I see price possibly rejecting a weekly resistance zone. This may be a market correction for the overall move upwards. Not a signal, perform your own analysis. - DMFX
Price may possibly reject the current resistance level. Lets wait and see.
Could be the beginning of a correction. Not a signal.
Could see some more upside out of this pair potentially. not a signal, please perform your own analysis as well.
AUDUSD may be getting ready for a retracement, still waiting to see what the market does. This is the potential move I am watching for. Cheers guys!