AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still technically bearish on higher timeframes but we have seen a strong 4hour bullish trend last week.
Current price action is consolidation near key resistance around 0.72000.
Ideally, we see a nice reversal with a lower high below 0.71500 to enter short on.
Trade scenario 2: For us to consider long entries we need to see a higher low above 0.72000
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still technically bearish on higher timeframes but we have seen a strong 4hour bullish trend last week.
Current price action is consolidation near key resistance around 0.72000.
Ideally, we see a nice reversal with a lower high below 0.71500 to enter short on.
Trade scenario 2: For us to consider long entries we 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.