MY OUTLOOK ON AUDUSD WEEKLY orderflow is bearish - price has pulled back to Premium Weekly Supply Zone and I'm expecting price to take out the weekly swing low @0.61699. DAILY orderflow is bullish in respect to mitigate the Weekly refined Daily Zone. 4H is still bullish too and is yet to mitigate the 4H refined Supply Zone from the Daily, since the 4H broke...
After tapping into the premium Demand Zone, price failed to take out the 15M strong swing low but pushed up and internal structure has been changed from bearish to bullish. I'm expecting price to pullback to the OB that caused the BOS for the internal structure. Bias has changed as I look forward to price taking out the 15M weak swing high.
Let's see what happens to EURUSD this week. From my Daily TF we broke structure and we are currently on a clean Supply Zone and I'm expecting a pullback to the Discount area @ 0.98000 but then on my 4H, price is also in my Supply Zone and after breaking structure (which was caused by the great move from the CPI News), I'm expecting a pullback to the discount area...