AUDUSD Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action continues bullish. Look to enter long after we see a higher low above these moving averages with strong bullish candlestick patterns. Target higher toward key resistance around 0.73400. Once price action reaches this level look for either a break or bounce and identify new trade scenarios.
Trade scenario 2: Price action goes bearish. Wait until we see a break of 0.72700, our 4hour level and recent break of structure. Once we see a confirmed lower high we can take a short opportunity into our lower support level around 0.72000
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action continues bullish. Look to enter long after we see a higher low above these moving averages with strong bullish candlestick patterns. Target higher toward key resistance around 0.73400. Once price action reaches this level look for either a break or bounce and identify new trade scenarios.
Trade scenario 2: Price action goes bearish. Wait until we see a break of 0.72700, our 4hour level and recent break of structure. Once we see a confirmed lower high we can take a short opportunity into our lower support level around 0.72000