DislikedHi Lem. have you got an opinion on AUD/USD. If you go back to the 8th of march I think this is a small demand zone. I have not had time to watch any videos over the last couple of days got a bit busy at work. I will also have to learn how to post charts this weekend regards kevIgnored
I guess nothing much has happened since anyway, so hopefully this is still of some use to you.
I'd say that we are looking at a small Dead Cat Bounce, that will then drop a little farther, before a more sustained move North.
Here's how I see it on the charts:
H4 shows the Dead Cat doing its thing...
As does the H1...
On The Weekly, you can see price is straddling the 50, so I wouldn't be sure that any move will be a huge one yet...
As for how far the drop will go after this bounce, The Daily shows it has a little bit to go...
While finally, The m30 gives some detail on that and backs the call. Still a little while at least before the turn...
Hope that helps some.