AUDUSD 30min Analysis January 26th, 2021

Trade Scenario 1: Bearish - For us to go short we need to see strong rejection off our 30min 200MA and key structure zone of .7740. We will look to enter on bearish engulfings or other strong bearish setups.

Trade Scenario 2: Bullish - For us to go long we need to see price brake above our key structure zone of .7740. We will then wait for a retrace and for .7740 zone to flip as support. Enter on strong bullish setups at or above .7740