AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking even more bearish this week here on AUDUSD. We recently saw a break of support near 0.72000 and are now waiting on a retest/ confirmation of our next lower high.
Look for short entries on significant lower highs below 0.72000
Trade scenario 2: For us to consider AU bullish again we would need to see a higher low above 0.72000.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking even more bearish this week here on AUDUSD. We recently saw a break of support near 0.72000 and are now waiting on a retest/ confirmation of our next lower high.
Look for short entries on significant lower highs below 0.72000
Trade scenario 2: For us to consider AU bullish again we would need to see a higher low 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.