Last updated on September 2nd, 2024 at 12:40 pm

AUDUSD H4 CHART TODAY`S ANALYSIS

Looking at the 4-hour time frame we are expecting price decline from our significant level of 0.77288 targeting the first previously violated highs as our Take Profit. Then we will either see price continue to go up or down but if price continues to go up, we expect price to decline at this level of 0.77924 targeting the previously violated high before price declined.

And if price pushes up high after price decline at price level 0.77924 we would love to see buy-side liquidity being collected at price level 0.78509 then fill the fair value gap and then use our breaker block at price level 0.78929 for price decline.

At price level 0.78929 there are two possible scenarios to take place, either price will massively drop, or we will simply see a fair drop in price creating a short-term high and collecting all that buy-side liquidity resulting in SMT Divergence as price goes up to our last significant level at 0.79533 were we expect to see a major price decline giving us above 100pips.