AUDUSD 30min Analysis January 27th, 2021
We had a strong rejection and push to the downside during the asian session and price is back in our demand zone.
Trade Scenario 1: Bullish - For us to go long we need to see price form clear support and push above .7705. We will then wait for a quick retest and for .7705 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off .7705. We will look to enter on strong bearish setups, first targeting previous lows of .7670
Trade Scenario 1: Bullish - For us to go long we need to see price form clear support and push above .7705. We will then wait for a quick retest and for .7705 to act as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off .7705. We will look to enter on strong bearish setups, first targeting previous lows of .7670
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