The AUDUSD is in a complex structure on the higher time frames (4 hour and daily). However I think that the 1 hour time frame might present a trade opportunity soon. IF we see a corrective move lower for a wave C. (scenario in purple) THEN I will be looking for a buy opportunity to target 0.735 zone. Buying AUDUSD from these levels is not what I like to do, So I will see whether this scenario becomes valid before I consider a trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.