AUDUSD 30min Analysis January 13th, 2021
Price is at our key structure zone and 30min 200MA.
Trade Scenario 1: Bullish - For us to go long we need to see price find support at our structure zone and 200MA at .7740. Enter on strong bullish setups. We are close to the top of our channel and strong resistance so we will need to first target our key weekly at .7764
Trade Scenario 2: Bearish - For us to go short we need to see price push below our structure zone and 200MA around .7740. We will then wait for a retrace and for .7740 to flip as resistance. Enter on strong bearish setups
Trade Scenario 1: Bullish - For us to go long we need to see price find support at our structure zone and 200MA at .7740. Enter on strong bullish setups. We are close to the top of our channel and strong resistance so we will need to first target our key weekly at .7764
Trade Scenario 2: Bearish - For us to go short we need to see price push below our structure zone and 200MA around .7740. We will then wait for a retrace and for .7740 to flip as resistance. Enter on strong bearish setups
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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.