In this analysis first of all I marked up the daily market structure high and low + Premium area.
Price is now creating higher lows which means a bull trend. But it could not create new strong highs and created a LQ for higher supply zone.
If AUDUSD continues its upward movement, then tap into highlighted 4H zone can give us nice possible short entries. there is a huge liquidity below that zone.
Always pay attention to where the liquidity is!
What do you think about this chart? Feel Free and Comment Below!
Price is now creating higher lows which means a bull trend. But it could not create new strong highs and created a LQ for higher supply zone.
If AUDUSD continues its upward movement, then tap into highlighted 4H zone can give us nice possible short entries. there is a huge liquidity below that zone.
Always pay attention to where the liquidity is!
What do you think about this chart? Feel Free and Comment Below!