AUD/USD: Identifying Potential Sell and Buy Zones in 4H Chart
In the 4-hour chart of AUD/USD, there's a noticeable uptrend in price development. It's probable that the price aims to reach the prominent supply level highlighted in red. This marked supply level presents an excellent opportunity for a sell position. On the other hand, the lower demand zone serves as a significant continuation level. Should the price retrace to this area, it offers an advantageous level for a buy position, targeting the aforementioned supply level above. This analysis holds relevance for traders engaging in long-term or swing strategies.
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- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
citytradersimperium.com/
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