Aussie dollar is looking beautiful here for a potential rollover from the psychological level of 0.7000 which is a strong confluence of supply with the 2H horizontal resistance and 0.618 fibonacci. On the 1D timeframe although we saw a strong bounce from weekly demand last week, the structure is very much still bearish we have a daily impulse correction continuation pattern and im expecting the market to sweep the LQ below the intraday lows.
Monitoring PA on the LTF for potential short entry confirmations to target the low of the previous week
Monitoring PA on the LTF for potential short entry confirmations to target the low of the previous week
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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.