AUDUSD 30min Analysis January 19th, 2021
Price has rebounded off our key demand zone but is still in a downtrend.
Trade Scenario 1: Bearish - For us to go short we want to see price reject off the 30min 200MA or around our key structure zone of .77350. We will enter on strong bearish setups first targeting our key demand zone of .7670
Trade Scenario 2: Bullish - For us to go long we want to see price break above the 30min 200MA and our key structure zone of .77350. We will then wait for a retrace and for .77350 to flip as support.
Trade Scenario 1: Bearish - For us to go short we want to see price reject off the 30min 200MA or around our key structure zone of .77350. We will enter on strong bearish setups first targeting our key demand zone of .7670
Trade Scenario 2: Bullish - For us to go long we want to see price break above the 30min 200MA and our key structure zone of .77350. We will then wait for a retrace and for .77350 to flip as support.