DenisRisticFX

AUDUSD countertrend longs allowed after 4h supply removal.

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price Altitude: Middle
Daily Trend: Down
4H Trend: Up

Analysis: Daily demand is in control with a strong retrace up yielding a 4h uptrend. Note the move up is realigning with the higher timeframe downtrend.

Prediction: Continue its way north to realign with higher timeframe supply.

Price Points of Interest:
4h Supply inside daily @ 0.74193
4h Supply @ 0.73647
4h Demand @ 0.72768
4h Demand @ 0.72325

This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Supply and Demand is everything in this business.
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