AUDUSD outlook

2 Jun

*BLESSINGS
*for my own charting habits (which are shockingly poor atm)
*I will update through the coming days

Weekly

• Latest demand zone is holding strong.
  
• Above, we've got untouched supply and FVG.
  
• The internal structure is looking bullish.
  

Daily

• Pullback started after clearing those wicks.
  
• Current demand zone is holding.
  
• This zone needs to stay strong to keep the bullish structure intact.
  

4H

• Uptrend continued after breaking structure.
  
• Currently in no-man's land, not the best spot for entries.
  

1H

• Trend reversed with the CHoCH.
  
• Demand zone that created the CHoCH was respected.
  
• Followed by internal breaks to the upside.
  
• Supply zones above, expected to be taken considering the bullish trend.
  

15M

• Most recent tested zone was a demand zone, so bulls are in control until supply reacts.
  

5M

• On the 4H, not the best place for new entries.
  
• On the 5M, watching for a reaction off the box area to target 1H supply.
  
• Looking for a clear bullish signal, keeping in mind we're not near 4H demand.
  
• Currently seeing a reaction from bearish FVG, which might help the pullback to the POI.
  

3 Jun

Nota

Market open was volatile.

Price reacting off 15M supply.
Supply currently in control as we revisit 15M demand.

3 Jun

Nota

Reacting off demand, structure has shifted.

Off we go.

3 Jun

Nota

Taking another position here.
Less risk as we not at 4hr demand.

3 Jun

Nota

First position above as you can see: -0.5%
Second position: 6RR (3% win as I risked 0.5%)