AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: The higher timeframes are mainly bullish but 4hour price action looks to be breaking the support of the range. To confirm this we need to see a lower high below resistance at 0.77150. Look to target lower toward support near our weekly (0.76000).
Trade scenario 2: For us to consider AU bullish, we would need to see price action push back into the range with a confirmed higher low. If this happens look for price action to fill the range, target higher toward the top.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: The higher timeframes are mainly bullish but 4hour price action looks to be breaking the support of the range. To confirm this we need to see a lower high below resistance at 0.77150. Look to target lower toward support near our weekly (0.76000).
Trade scenario 2: For us to consider AU bullish, we would need to see price action push back into the range with a confirmed higher low. If this happens look for price action to fill the range, target higher toward the top.
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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.