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Biaxar
May 26, 2023 5:50 PM

AUDUSD buy scenario [1D] Long

Australian Dollar/U.S. DollarFXCM

Description

Currently, we are in the weekly point of interest zone, so I expect bullish movements in higher time frames,
and there are 3 equal highs created in the range that makes it a strong internal liquidity zone (it would show a reaction after touching that area but the movement should not break the daily low [0.616] )
this movement in HTF should be strong enough to touch 0.715

Comment

AUDUSD respected this POI zone (White box) and it was exactly what I was looking for
I believe it's reasonable to look for a second chance if we want to enter buy setups in lower time frames!

Comment

Lower time frame trend is really strong, and it is going to hunt internal liquidity first in my opinion
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