Circled bars indicate bulls and bears fighting it out, at first circle price went down but on the 2nd and 3rd circles the bulls are pushing price higher. So I am currently short term bullish on this pair. I have marked my potential entry point at support rectangle area and potential TPs at initial TP and Final TP.
I will however wait for confirmation candles when price moves to my potential entry area and if bulls do not fight the bears in that area, I am going to assume that bears won there since the recent news is bad for AUD.
I will however wait for confirmation candles when price moves to my potential entry area and if bulls do not fight the bears in that area, I am going to assume that bears won there since the recent news is bad for AUD.