Price is at a key zone atm.
Markups and notes on the chart but essentially I am waiting for price to signal for a long entry -- potentially at the low of previous month or at the H4 OB / unmitigated demand area within the key zone (blue highlight). The 50% of the H4 OB is in confluence with the 27ext. This area is also a 50's level. Either way, I am looking to see...
Buy AUDUSD on the market at 0.6998
Stop Loss: 0.7025 (27 pips) Large offer level
Take Profit: 0.6965 (33 pips) Fibo 0.382 pull back level
RRR: 1.2
Comments: Market Type: D1 is Bear Volatile, H4 is Sideway Volatile, H1 is Bull Breakout rejected.
ADX: 28
ATR: 94
Risk Reversal: short term slightly put on AUD, long term put on AUD
AUDUSD is in 20 days low...
