Here is my outlook on AUDUSD.
Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered on the way up, along with some whipsawing price action which signifies to me a shakeout before displacing to the upside.
This is just a prediction. Price can very well make another low first to around the 0.6425 level first, and if it does that and displaces one more time back to the upside, I will feel very confident in that narrative.
- R2F
Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered on the way up, along with some whipsawing price action which signifies to me a shakeout before displacing to the upside.
This is just a prediction. Price can very well make another low first to around the 0.6425 level first, and if it does that and displaces one more time back to the upside, I will feel very confident in that narrative.
- R2F
Nota
I think we may see one more low first before the expansion if this analysis is still correct.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.