AUDUSD MULTIPLE TIME FRAME ANALYSIS
Monthly:
Price had an over extended push to the upside and it came back to retest previous broken structure before going to the upside again.
Weekly:
Price is forming a bearish W and it is rejecting the 61.8% of the weekly fib.
Daily:
Price could retest the daily Institutional candle (white box) before it continues to the the downside and it could also form a H&S pattern that is aligning with the 61.8% of the daily fib.
4H:
We are going to wait for price to reaches the supply zone before looking for a sell.
If price continues to the downside the analysis is not valid anymore.
Price had an over extended push to the upside and it came back to retest previous broken structure before going to the upside again.
Weekly:
Price is forming a bearish W and it is rejecting the 61.8% of the weekly fib.
Daily:
Price could retest the daily Institutional candle (white box) before it continues to the the downside and it could also form a H&S pattern that is aligning with the 61.8% of the daily fib.
4H:
We are going to wait for price to reaches the supply zone before looking for a sell.
If price continues to the downside the analysis is not valid anymore.
Trade active:
Monthly:
Weekly:
Daily:
4H: