AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking bearish, especially on this 4hour timeframe while price action remains below 0.73000.
From the current level we are looking to enter short on the next lower high or on a confirmed reversal from 0.73000. Look to target lower toward 0.72000
Trade scenario 2: For us to consider AU bullish we need to see a break back above 0.73000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking bearish, especially on this 4hour timeframe while price action remains below 0.73000.
From the current level we are looking to enter short on the next lower high or on a confirmed reversal from 0.73000. Look to target lower toward 0.72000
Trade scenario 2: For us to consider AU bullish we need to see a break back above 0.73000 with 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.