AUDUSD 1HR Analysis 31 May 2021
AUDUSD 1h Analysis May 31st, 2021
We are bearish with this pair but as we can see the previous price action is forming a bullish structure. But if it breaks above the structure high we will enter long after a retest and would target the next previous high. Otherwise if it rejects the resistance level it will continue to go down up to the next previous structure low.
We are bearish with this pair but as we can see the previous price action is forming a bullish structure. But if it breaks above the structure high we will enter long after a retest and would target the next previous high. Otherwise if it rejects the resistance level it will continue to go down up to the next previous structure low.
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