AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation.
To continue playing this short we are looking for a lower high below 0.70000.
Trade scenario 2: For us to see AU as bullish on this 4hour timeframe we need to see a 4hour transition and break of resistance near 0.72500.
With the break we need a higher low then we can consider long scenarios.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation.
To continue playing this short we are looking for a lower high below 0.70000.
Trade scenario 2: For us to see AU as bullish on this 4hour timeframe we need to see a 4hour transition and break of resistance near 0.72500.
With the break we need a higher low then we can consider long scenarios.