AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are bullish on higher timeframes but the 4hour has been stuck in a range for weeks. More recently we’ve been seeing price action hint at breaking lower but nothing has been confirmed yet. Ideally we want to see a lower high below 0.77150, at the very least. Look to target lower toward our 0.76000.
Trade scenario 2: If price action fails to break the range look for our resistance near 0.78000 to be tested. It’s very likely this will happen if we don’t break here.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are bullish on higher timeframes but the 4hour has been stuck in a range for weeks. More recently we’ve been seeing price action hint at breaking lower but nothing has been confirmed yet. Ideally we want to see a lower high below 0.77150, at the very least. Look to target lower toward our 0.76000.
Trade scenario 2: If price action fails to break the range look for our resistance near 0.78000 to be tested. It’s very likely this will happen if we don’t break here.
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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.