Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUDUSD 4hour Analysis August 7th, 2022
Australian Dollar / U.S. Dollar
Short
AUDUSD 4hour Analysis August 7th, 2022
By ForexLeague
Follow
Follow
Aug 7, 2022
8
Cheer
Cheer
1
1
Aug 7, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
AU
aud
AUDUSD
Chart Patterns
Forex
forexleague
forexsignals
Technical Indicators
priceaction
Trend Analysis
USD
ForexLeague
Follow
Follow
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
.