AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon.
Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon.
Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of 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.