AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low.
Look for strong bullish rejection and target higher toward 0.65500
Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low.
Look for strong bullish rejection and target higher toward 0.65500
Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.