AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AU and last week we saw a significant bearish leg form.
From here we’re looking to continue with the bearish trend and we will be looking for lower high setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance near 0.71000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AU and last week we saw a significant bearish leg form.
From here we’re looking to continue with the bearish trend and we will be looking for lower high setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance near 0.71000 with a higher low above.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.