AUDUSD 4hour Analysis October 17th, 2021

137
AUDUSD Bullish Idea

Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1:We are definitely in a strong bullish trend on AU. Most likely this trend will continue so we will look for higher lows above 0.74000 for potential entries.

Look to target higher toward 0.75000

Trade scenario 2: For us to consider AU bearish we would need to see a break below 0.74000 with a lower high below.

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