AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon.
Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support.
Trade scenario 2: For us to consider AU bullish on the 4hour we would need to see a break of 0.70000 resistance with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon.
Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support.
Trade scenario 2: For us to consider AU bullish on the 4hour we would need to see a break of 0.70000 resistance with a higher low above.
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.