Overall price has been bullish on AUDUSD. There are still large areas of liquidity that needs to be taking out as there are two daily highs that still have not been hit just yet. On the 4HR, price also made an institutional move to the upside and left an order block as well. Price also seems like it is forming an inverted head and shoulders as well
Since the higher time frame is bullish, and there are highs that have not been taken out yet, I am looking at a long opportunity this upcoming week for AUDUSD
On the downside, if price breaks the trendline and makes a lower low, I will wait on the retest and sell opportunity to short AU, but I see more buys confirmations than sell confirmations.
Since the higher time frame is bullish, and there are highs that have not been taken out yet, I am looking at a long opportunity this upcoming week for AUDUSD
On the downside, if price breaks the trendline and makes a lower low, I will wait on the retest and sell opportunity to short AU, but I see more buys confirmations than sell confirmations.