AUDUSD 4hour Analysis February 27th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking pretty bullish here on the 4hour timeframe and price action is holding a steady bullish channel.
The most likely scenario is that price action will continue bullish and we will look for higher lows established above 0.72000 to enter long on.
Trade scenario 2: If we are to consider AU bearish we would first need to see a 4hour transition with price action forming a lower high below 0.71450.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking pretty bullish here on the 4hour timeframe and price action is holding a steady bullish channel.
The most likely scenario is that price action will continue bullish and we will look for higher lows established above 0.72000 to enter long on.
Trade scenario 2: If we are to consider AU bearish we would first need to see a 4hour transition with price action forming a lower high below 0.71450.
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.