AUDUSD distributed bearish momentum on the daily chart, which would lead to a bounce to very high levels, but before being so optimistic, the prices should show specific behavior for this scenario to be true.
First of all the prices on lower time frames like 4H and lower, showing week bullish momentum, which means that we would barely reach the first resistance then consolidate below it:
after penetrating this level with good consolidation, the daily momentum will be checked again to see if it's still safe to enter the market and target higher levels or not.
So keep updated with idea, it will be updated...
First of all the prices on lower time frames like 4H and lower, showing week bullish momentum, which means that we would barely reach the first resistance then consolidate below it:
after penetrating this level with good consolidation, the daily momentum will be checked again to see if it's still safe to enter the market and target higher levels or not.
So keep updated with idea, it will be updated...