In this analysis first of all I marked up the daily market structure high and low + Premium area.
Price is now creating higher lows which means a bull trend. But it could not create new strong highs and created a LQ for higher supply zone.
If AUDUSD continues its upward movement, then tap into highlighted 4H zone can give us nice possible short entries. there is a huge liquidity below that zone.
Always pay attention to where the liquidity is! What do you think about this chart? Feel Free and Comment Below!