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Jul 10, 2022 10:23 PM

AUDUSD 4hour Analysis July 10th, 2022 Short

Australian Dollar/U.S. DollarFXCM

Description

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.
Comments
JoeChampion
Good work, it makes sense
datpoorlad
nice idea UCE shot buvva
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