AUDUSD Monthly Bear Season!!
Market Analysis of AUDUSD
Date: 05.20.2021
TF: Month
Forecast: Bearish
A) *Strong supply zone, Start of bearish momentum.
__ A.1) 2nd Possible start of Bearish Movement from Supply Structure Zone.
B) *TL#1 Strong Down Trend
C) *TL#2's Fan out out w/ current current down trend
D) *Retracement to D.3 (TL#1), Market will switch to Bullish
__ D.1 - D.2) area where market will range
__ D.3) Strong Demand Area, Structure Zone, end of bearish momentum.
__ D.3/D.3.1) Market will bounce off previous trend line Replicating D.3.1
__ D.3) Full retracement of (D.3.1 - A) push
__ D.3) Equal retracement of (D.3.2 - A) push
Date: 05.20.2021
TF: Month
Forecast: Bearish
A) *Strong supply zone, Start of bearish momentum.
__ A.1) 2nd Possible start of Bearish Movement from Supply Structure Zone.
B) *TL#1 Strong Down Trend
C) *TL#2's Fan out out w/ current current down trend
D) *Retracement to D.3 (TL#1), Market will switch to Bullish
__ D.1 - D.2) area where market will range
__ D.3) Strong Demand Area, Structure Zone, end of bearish momentum.
__ D.3/D.3.1) Market will bounce off previous trend line Replicating D.3.1
__ D.3) Full retracement of (D.3.1 - A) push
__ D.3) Equal retracement of (D.3.2 - A) push
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