AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is currently experiencing a pullback that we’ve been waiting for.
Price action is falling to our 0.74000 zone where we are looking for structure formation.
Look for strong rejection around 0.74000 support followed by confirming bullish candlestick setups to enter long on.
Trade scenario 2: For us to consider AU full bearish we need to see a break of support around 0.74000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is currently experiencing a pullback that we’ve been waiting for.
Price action is falling to our 0.74000 zone where we are looking for structure formation.
Look for strong rejection around 0.74000 support followed by confirming bullish candlestick setups to enter long on.
Trade scenario 2: For us to consider AU full bearish we need to see a break of support around 0.74000 with a lower high below.