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Nov 15, 2020 10:51 PM

AUDUSD 4hour Analysis November 15th, 2020 Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD Long idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish

Trade scenario 1: Price action resumes the overall bullish trend and pushes through our 4hour level at 0.72700. Enter long on strong bullish setups confirming a higher low above 0.72700. Target higher toward key resistance around 0.73400.

Trade scenario 2: Price action goes bearish. Look to enter on bearish setups confirming a lower high below our 4hour break of structure at 0.72700. Target lower toward our daily support around 0.72000.
Comments
Pps33_Day
I don't think it will exceed 0.73, let's see
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