AUDUSD

22 Feb 2023

There is evidence of bearish order flow imprinting on the AUDUSD. We have registered a CHOCH and BOS on the 4HR. For confirmation, we have a CHOCH an the DTF confirming our bearish bias. In the interim we anticipate a bullish correction targeting the unmitigated OB(in yellow sitting lower-aggressive) or the fair value gap inside the unmitigated OB sitting higher(conservative entry) targeting a 9 RR. As swing traders, we favor the conservative entry targeting the 0.63 region.