AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low.
Look for strong bullish rejection and target higher toward 0.65500
Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low.
Look for strong bullish rejection and target higher toward 0.65500
Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
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.
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.