AUDUSD ZOOMED OUT PICTURE

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.


AUDUSD ZOOMED OUT PICTURE

As we can see price is still overall bearish trading inside this channel from a long-term perspective.

Moreover, for the bulls to take over from a medium-term perspective, we need a break above the marked major swing high, then a movement higher would be expected.

Meanwhile, as the price will be approaching our upper massive zone, we will be looking for new bearish movements as a trend-following setup adding on price will be lining up with a strong resistance zone.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!