AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
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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.