AUDUSD has currently respected a Daily Demand zone.
By doing so, it has shown signs of bullish orderflow on the 1h timeframe.
Providing we get a pullback to this zone, and confirmation on the lower timeframes supporting our views, then we'll be looking to go long.
If the 1h demand gets invalidated, then we'll see if the Daily can hold, if not, then there could be more bearish momentum.
For now looking for longs.
Feel free to comment your thoughts.
By doing so, it has shown signs of bullish orderflow on the 1h timeframe.
Providing we get a pullback to this zone, and confirmation on the lower timeframes supporting our views, then we'll be looking to go long.
If the 1h demand gets invalidated, then we'll see if the Daily can hold, if not, then there could be more bearish momentum.
For now looking for longs.
Feel free to comment your thoughts.