As we analyze recently. We might see a bullish change of character in the 1H time-frame. But when we spike into 4H, we still see a clear bearish continuation trend. If the Dollar continues to be stronger these days than the AUD volume. We will see this continuation of bearish trend into AUD/USD. We use Fibonacci Retracement to see where our zone of pull-back would most likely be. We have a clear FVG on the 4H chart. By our analysis, we speculate that the price will bounce from the FVG level (Which is into the Fib premium zone as-well) and continue to the swing bullish order block. That's where we might exit. Will update further.
Commentaire:
It hasn't displayed the order block. But either way, it starts at price 0.66900.
