raresmihalcea2020

AUDUSD Top-Down Analysis- Short Term Very Bullish

Long
FX:AUDUSD   Dollar Australien/Dollar Américain
Monthly Chart---Bearish
Weekly Chart---Bearish (Bullish liquidity)
4h chart---Bullish
15m chart---Bullish


Monthly Analysis:
  • Clear Change of Structure on Monthly
  • Price is Reacting from Supply Zones
  • Target: Newest low formed
  • Trend line has buy side liquidity
Most likely will continue down but after the liquidity is taken.

Weekly Analysis:
  • I noticed that there is no clear change in the structure but only an intermediate down trend.
  • The Supply is clearly In Control
  • Always sweeping liquidity above highs before going bearish.
  • Could see a short term bullish movement to liquidate the trend line and the local liquidity.

4h Analysis:
  • Bullish Price Action, Demand being In Control
  • Price already reacted from Demand Zone and will continue to liquidate the high
  • Right Now it's building up liquidity ( consolidating around the previous high )
  • Expecting a big UP movement to liquidate both equal highs and trend line

15m Analysis:
  • Big Impulse that left a bunch of Valid Demand Zones
  • Price slowed down to create liquidity around the 4h High
  • Expecting a bullish movement from any of the zones
  • When price reaches a 15m Demand Zone I will be looking for changes in structure on 1m chart.

Conclusion:
Short Term the price is very likely to continue bullish to take sell side liquidity on Higher Timeframes
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