AUDUSD

١٨ مايو ٢٠٢٠

Good Morning Guys, Today we are going to be taking a look at AUDUSD, For the past few weeks price has been in a bullish trend creating a series of higher highs and higher lows on the 1D and 4H Chart. Last week the pair failed to make a higher high and has in fact put in some new lows on the 4H Chart. Price is still ranging in between a daily supply zone(box with RED outline) and is currently at a 4H Supply zone(box with RED fill). So as this week unfolds I will be looking to see whether the pair can break to the upside or downside of the zone to put in a higher high or higher low to know whether I will be looking for buys or sells this week! Keep trading guys and remember to always use proper risk management. :)