FXNOVA Strategy – AUDUSD Weak Structure Sell Setup
Analysis
AUDUSD on the 1H timeframe remains clearly bearish, with a sequence of lower highs and lower lows confirmed by multiple BOS formations. The recent price action shows a weak attempt to stabilize around 0.6840–0.6860 demand, but there is no strong bullish structure shift.
The current consolidation is occurring just above a weak low, indicating that liquidity is building below. The upside moves are corrective and lack momentum, while supply zones above (0.6900–0.6950) remain unmitigated.
Given the overall bearish order flow, any pullback toward supply or breakdown of the current base is likely to trigger continuation toward lower liquidity zones.
Trade Setup
Enter: Sell below 0.6840
Stop-Loss (SL): 0.6890
Target A: 0.6800
Target B: 0.6750