AUDUSD PRE-MARKET ANALYSIS 5 MAY, 1624 CT
OVERALL TREND BIAS- BULLISH
Looking for long opportunities as well on the Aussie Dollar, price has rejected and been stopped from breaking below a key structure level that's acted as support multiple times.
Looking for a bullish engulfing candle or some sort of buying pressure to enter on the 15M TF this week.
Similar to GOLD, we can scale our positions depending on where price decides to move. But overall, long positions are the best to profit off of.
Looking for long opportunities as well on the Aussie Dollar, price has rejected and been stopped from breaking below a key structure level that's acted as support multiple times.
Looking for a bullish engulfing candle or some sort of buying pressure to enter on the 15M TF this week.
Similar to GOLD, we can scale our positions depending on where price decides to move. But overall, long positions are the best to profit off of.