AUDUSD 4hour Analysis February 20th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish.
From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm.
Look to target back toward 0.72000 and look for a break.
Trade scenario 2: If we are to consider AU bearish on this timeframe again we need to see a break of support near 0.71450 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish.
From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm.
Look to target back toward 0.72000 and look for a break.
Trade scenario 2: If we are to consider AU bearish on this timeframe again we need to see a break of support near 0.71450 with a lower high below.
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.