AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a lower high below the range.
Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a lower high below the range.
Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
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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.