AUDUSD 30min Analysis January 27th, 2021
We had a strong rejection and push to the downside during the asian session and price is back in our demand zone.
Trade Scenario 1: Bullish - For us to go long we need to see price form clear support and push above .7705. We will then wait for a quick retest and for .7705 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off .7705. We will look to enter on strong bearish setups, first targeting previous lows of .7670
Trade Scenario 1: Bullish - For us to go long we need to see price form clear support and push above .7705. We will then wait for a quick retest and for .7705 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off .7705. We will look to enter on strong bearish setups, first targeting previous lows of .7670
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.