A bullish setup on AUDUSD
Hey Traders,
here is my simple Buy setup on AUDUSD.
The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run.
On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough.
The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below.
Or
You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level.
Buyers can look to buy the next retest and target the 0.7200 area.
here is my simple Buy setup on AUDUSD.
The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run.
On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough.
The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below.
Or
You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level.
Buyers can look to buy the next retest and target the 0.7200 area.
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