AUDUSD - 1 August 2022

Price is in bullish OF in DailyTF, price has recently taken out the EQL from the left and reverse immediately and formed a V-shape recovery, price may go lower first and take out more SSL before continuing bullish. If price take out the LQ from the left and give a significant bullish CHoCH showing bullish intention it will be a good indication for Long until price put in a new 1H HH or even aim for the HTF IRL from the left.