So we're back again for another AUDUSD breakdown. Following the idea posted last Sunday, we had some amazing bearish movements. CPI caused a slight deviation with our supply above, but held overall and delivered price lower.
Coming into this week, we're looking at a pretty similar scenario. Price has broken down and left to clear areas one it is sitting in currently. After clearing minor imbalances and tapping into this supply area, we have now seen price start to deliver shorts on the smaller timeframes.
It's a pretty simple breakdown for this week and I'm looking for clear bearish movements lower, with our target being the large demand area that has not yet been tested.
Overall, I'll be looking for bearish movements pretty much from market open. But as always, we will monitor the lower timeframes to find our best entries to take this move if it's going to happen.
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
Coming into this week, we're looking at a pretty similar scenario. Price has broken down and left to clear areas one it is sitting in currently. After clearing minor imbalances and tapping into this supply area, we have now seen price start to deliver shorts on the smaller timeframes.
It's a pretty simple breakdown for this week and I'm looking for clear bearish movements lower, with our target being the large demand area that has not yet been tested.
Overall, I'll be looking for bearish movements pretty much from market open. But as always, we will monitor the lower timeframes to find our best entries to take this move if it's going to happen.
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
