AUD/USD — Daily supply and demand zones

Wait 5 sec.

AUD/USD — Daily supply and demand zonesAustralian vs US DollarPEPPERSTONE:AUDUSDJSTradingsAUD/USD — Daily supply and demand zones line up with the Weekly zones, creating strong confluence. Monthly bias is bearish, so I’m leaning toward short setups into the overlapping Daily/Weekly supply area. I’ll wait for bearish confirmation (rejection wick, bearish engulfing, or break of structure) before entering; targets would be the recent Daily demand area and the monthly structure lows, with invalidation above the Weekly supply high. What do you think guys? Please share your insights!