AUDUSD Seeking Weekly Supply Zone

May 25, 2020

Previously AUDUSD was due for a down wave that was fast and sharp. However, the market has not protected that structure and price is beginning to seek a Weekly level Supply Zone. Therefore the structure has changed. I will continue to look for a sell but at higher levels. Meanwhile, this trade setup is presenting itself on a 4 hour time chart. I will look to long this pair as soon as price descends back down to my entry level.
We only react to the market, we don't predict the market.