AUDUSD long ideas
We finally got clear break of structure. I recommend to look my previous analysis where I was predicting 3 main scenarios for AU move.
From now on price will most likely play 1st or 3rd scenario:
'First scenario is most ideal to take the trade. Because we have liquidity created above 5m OB. And Fibo also shows strong reversal level at that order block.
In the third scenario price will take buyers liquidity (will make lower low) again after what we will see fast push up. In technical analysis this pattern calls expanding triangle or ABCDE Elliot wave.'
I think that buyers liquidity will be taken with the news. But today we don't have any high impact news. Tomorrow there is CPI that can cause some move but the main day for USD in this week is going to be Wednesday.
Let's see what this week will bring.
Good luck:)
From now on price will most likely play 1st or 3rd scenario:
'First scenario is most ideal to take the trade. Because we have liquidity created above 5m OB. And Fibo also shows strong reversal level at that order block.
In the third scenario price will take buyers liquidity (will make lower low) again after what we will see fast push up. In technical analysis this pattern calls expanding triangle or ABCDE Elliot wave.'
I think that buyers liquidity will be taken with the news. But today we don't have any high impact news. Tomorrow there is CPI that can cause some move but the main day for USD in this week is going to be Wednesday.
Let's see what this week will bring.
Good luck:)
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