AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are pretty bullish on AU and are looking to continue with that trend. Ideally, we want to see a break and retest of resistance at 0.78000. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward prior highs and major resistance levels.
Trade scenario 2: For now price action is in a range and could continue this way for further weeks. Look to play the range if you see lower timeframe opportunities. Otherwise, for us to consider AU full bearish we need to see a transition of support of the range.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are pretty bullish on AU and are looking to continue with that trend. Ideally, we want to see a break and retest of resistance at 0.78000. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward prior highs and major resistance levels.
Trade scenario 2: For now price action is in a range and could continue this way for further weeks. Look to play the range if you see lower timeframe opportunities. Otherwise, for us to consider AU full bearish we need to see a transition of support of the range.