earlytrader

AU has potential Bulls on AU

Long
FX:AUDUSD   Australischer Dollar/U.S. Dollar
Too much noise for me on the 1 hour time frame for Technicals so all technicals done on the 4h. Monthly and Weekly Still shows bullish momentum with Daily time frame still showing Bullish Market Structure Respected Even after the 200+ Pip drop between the 25th and 26th of February. now on the 4H you can see that we are coming off a potential HL and that buyers have been in control of price clearly since March 1st. now the only thing that's up to question is that 200 Pip drop which can mean we are actually seeing a correction/pullback to upside before continuing to the downside, Which is a possibility. I would need to see bearish market structure on the 4H along with bearish price action because for 4 days price action shows a clear sign of bulls in control!

As always DYOA

Have a blessed Day!

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