Here’s a quick update that shows us what to expect. Currently price is making a retest on a demand. If this demand is strong enough it will lead price to break the support of the channel.
As I said before, bounces are more frequent than breaks then let’s prepare for everything! Keep your eyes open
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Demand zone reject price one more time but takes more times to do it than last time. The demand is weakening, maybe if price comes back again it will go through...
Let’s keep our orders since usd is under the demand
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New strong rejection...
#AUDUSD buy at 0.7385 Stop loss at 0.7370 Risk: 1%
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4th time price is rejected on the demand... We are in DD