AUDUSD PRE-MARKET ANALYSIS
OVERALL TREND- HEALTHY UPTREND ON DAILY, CURRENTLY IN A CORRECTIVE RETRACEMENT ON THE 4H TF, WITH THE POTENTIAL TO BREAK INTO HHs.
We see price currently in a ranging channel that's being tested multiple times from an overall bullish move on higher TFs.
Currently looking to make Higher highs unless price decides to make lower lows, at which may signify an overall break in trend to the downside.
2 potential long position set-ups this week to follow with the uptrend of the market overall.
We see price currently in a ranging channel that's being tested multiple times from an overall bullish move on higher TFs.
Currently looking to make Higher highs unless price decides to make lower lows, at which may signify an overall break in trend to the downside.
2 potential long position set-ups this week to follow with the uptrend of the market overall.
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