AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish! We saw a nice bearish transition on the 4hour timeframe around our 0.72000 zone.
From here we’re looking for this lower high to confirm before entering short. Look to target lower toward 0.71000 support.
Trade scenario 2: For us to consider AU bullish again we would need to first see a higher low back above 0.72000
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish! We saw a nice bearish transition on the 4hour timeframe around our 0.72000 zone.
From here we’re looking for this lower high to confirm before entering short. Look to target lower toward 0.71000 support.
Trade scenario 2: For us to consider AU bullish again we would need to first see a higher low back above 0.72000