Long

AUDUSD Bullish Scenario

Updated

AUDUSD has finally hit the demand zone I've been waiting for. I think it will respect this major demand zone since higher time frames support it

We'll wait for CHoCH in different time frames, and then it'll be time to consider buying.

Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.

Note

we can see how strong the demand zone is
the previous weekly candle was bullish, we can expect this trend to be continued in this week, there is still no sign of weakness for AUDUSD
there might be some small correction waves, but I would expect it to reach 0.68 in upcoming weeks

Note

Last week, liquidity was hunted by the news, leading to a reaction, and now it's aiming there again. The bullish trend on AUDUSD is very strong. If I'm considering selling, I'll wait for the supply zone. However, if it starts to show any minorrr correction waves, I'll feel more confident about buying.

Note

We can see how strong the demand zone was, and it's still heading towards the supply zone. With this narrative from higher time frame analysis, we could trade numerous short-term buy setups. However, it's a bit uncertain for me now since the bullish trend will lose its strength. We should wait and observe how liquidity forms in this bullish trend

Trade closed: target reached

This is a perfect example of the strength of higher time frame demand and supply zones. However, each time the price hits these zones, their strength diminishes

Biaxar

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