AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Hugely bearish here on AU still after a strong reversal around 0.75000 and we’re looking to continue that way into this week.
Ideally we see structure form with our next lower high that we can enter short on.
Trade scenario 2: For us to consider AU bullish we need to see a higher low above 0.74000.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Hugely bearish here on AU still after a strong reversal around 0.75000 and we’re looking to continue that way into this week.
Ideally we see structure form with our next lower high that we can enter short on.
Trade scenario 2: For us to consider AU bullish we need to see a higher low above 0.74000.
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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.