AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Big reversal from price action at 0.72000 resistance with large volume candles due to usd strength.
From where price action is we ideally want to see a lower high below 0.71500 with strong confirmation candles to enter short on.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.72000
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Big reversal from price action at 0.72000 resistance with large volume candles due to usd strength.
From where price action is we ideally want to see a lower high below 0.71500 with strong confirmation candles to enter short on.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.72000
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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.