AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU going into this week.
We recently saw massive rejection from our 0.63200 zone and it is likely that AU will push to a new low before showing us structure.
If this happens we’ll have to remain patient and look for future structure.
Trade scenario 2: If price action pulls back to 0.63200 we will have another potential short opportunity.
Look for strong rejection and clear bearish price action to enter short.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU going into this week.
We recently saw massive rejection from our 0.63200 zone and it is likely that AU will push to a new low before showing us structure.
If this happens we’ll have to remain patient and look for future structure.
Trade scenario 2: If price action pulls back to 0.63200 we will have another potential short opportunity.
Look for strong rejection and clear bearish price action to enter short.
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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.