AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon.
Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon.
Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of a higher low above.