Technical Analysis of AUD/USD - July 8Trend 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.
FX:AUDUSD