AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation.
To continue playing this short we are looking for a lower high below 0.70000.
Trade scenario 2: For us to see AU as bullish on this 4hour timeframe we need to see a 4hour transition and break of resistance near 0.72500.
With the break we need a higher low then we can consider long scenarios.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation.
To continue playing this short we are looking for a lower high below 0.70000.
Trade scenario 2: For us to see AU as bullish on this 4hour timeframe we need to see a 4hour transition and break of resistance near 0.72500.
With the break we need a higher low then we can consider long scenarios.
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.