Position: Short
AUDUSD has been on a downtrend. After tapping into a weekly hook point, it started dropping down. And there is some hook point it will have to tap into below before it can start moving upward.
On the 4HTF, it has tapped into a low, where we can expect it to move up to form a structure tapping into any of the hook points above it before moving downward.
AUDUSD has been on a downtrend. After tapping into a weekly hook point, it started dropping down. And there is some hook point it will have to tap into below before it can start moving upward.
On the 4HTF, it has tapped into a low, where we can expect it to move up to form a structure tapping into any of the hook points above it before moving downward.