AUS / USD Buys Very choppy price action and has been unable to break the daily lows, probably going to be quiet until tomorrows CPI. I would only look for a sell if there is a lower low close below structure and the blue zone with a retest on the 30 min and a lower low close.
Other wise I favor low positions Ideally with a 4h close above structure and the upper blue zone alternatively if there is a close and rejection from the daily low I would take a long back to the top of structure
Auusdlong
AUS / USD Shorts This pair is still in a down trend and still looks bearish on how the previous 4h candles closed. in order to look for the sell I would be looking for a break below structure with a bearish 4h close below the yellow and blue line. Which would be the ideal scenario there is very strong daily support so a pull back and a rejection with a bullish engulfing 1h / 4h would validate an entry to potentially go long. Before taking a long I will be taking into consideration the strength of the dollar with the DXY.
Will the D 50% hold... 🤔Gold 4H CHoCH formed inside daily bullish structure, price is sitting on the Daily 50%, this is a level now where price could go either way, ideally i want to look for buys so we can trade with the daily orderflow but if we break the 50%/demand with confirmation ill look to sell down towards the DL, (Will also be waiting for a potential liquidity grab from YL, heres a zoom down to the 15M to look at what im waiting for to take trades today!
Let me know your thoughts!
AUDUSDConsidering AUD oversold and looking at the current price action,
I am expecting these two possible long scenarios. Either from the retracement down to check the broken trendline, or it will
break and test the resistance.
So, now I am waiting and do nothing if i don't see such price behavior.
GL!