AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
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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.