Hey Traders,
Little bit weaker of a set up here on the AUDUSD, but overall it still is double break of structure and a push against the usual trend we have witnessed. Keep an eye out, we had to have a very bullish run and then that very long wick that pulled down into the demand area which may have filled up all the orders were looking for. It's going to be an interesting one to see how this unfolds.
Keep your eye on this pair on the 1h chart and as we do come back down to this purple area, if on the lower time frames like the five minute we can see a strong indication we're going to head higher, then I think we can start running back up to the top up to around the 0.744.
Let me know what you think and what your analysis is on this pair.
Little bit weaker of a set up here on the AUDUSD, but overall it still is double break of structure and a push against the usual trend we have witnessed. Keep an eye out, we had to have a very bullish run and then that very long wick that pulled down into the demand area which may have filled up all the orders were looking for. It's going to be an interesting one to see how this unfolds.
Keep your eye on this pair on the 1h chart and as we do come back down to this purple area, if on the lower time frames like the five minute we can see a strong indication we're going to head higher, then I think we can start running back up to the top up to around the 0.744.
Let me know what you think and what your analysis is on this pair.
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