Technical Analysis of AUD/USD - July 8
Updated
Trend Analysis:
On H4, H1, and M15 timeframes, the market is in an uptrend.
Trading Strategy:
Entry Point: Look for buying opportunities at the M15 demand zone. Place your stop-loss below this zone.
Scenario 1: If the price breaks the M15 demand zone convincingly, anticipate a move towards the H1 demand zone.
Scenario 2: Once the price reaches the H1 demand zone, set up a new trade following the trend direction indicated by the M15 timeframe.
AUDUSD
On H4, H1, and M15 timeframes, the market is in an uptrend.
Trading Strategy:
Entry Point: Look for buying opportunities at the M15 demand zone. Place your stop-loss below this zone.
Scenario 1: If the price breaks the M15 demand zone convincingly, anticipate a move towards the H1 demand zone.
Scenario 2: Once the price reaches the H1 demand zone, set up a new trade following the trend direction indicated by the M15 timeframe.
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