AUDUSD is bearish here is potential levels

🎯Heading to the weekly demand zone at 0.7. The daily TF demand zone was absorbed this week and the price is now sitting on the H4 zone and the bottom of the channel. Price is making a pullback to the potential shorting zones. I want to see a structure break here first.
And then a small pullback is my entry with the SL above that zone. Structure pullback will define if the first zone will work or I have to wait for the second one. COT is very bearish and the USD is strong this trade has big potential to work out.
This is a pre-plan M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at the institutional level if all conditions are met.


Big picture view

COT DATA

Previous Analysis


✅ Traders, you are welcome to share your charts, thoughts and questions lets discuss it.

Wish you a good hunt !!

Dave FX Hunter ⚔

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❗❗ This is Pre-plan
That means my view can change, depending on how the price will arrive at the level and what will be happening on the M30 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.

❗❗ DISCLAIMER
We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage.

❗❗ Legal Risk Disclosure
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