Monthly - Bearish
Weekly - Bearish
Daily - Ranging
4Hour - Ranging
Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range.
Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance.
Weekly - Bearish
Daily - Ranging
4Hour - Ranging
Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range.
Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance.
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.